This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting in January.

Text removed from the January statement is in red with a horizontal line through the middle.

Watch NBC Bay Area News free wherever you are

  WATCH HERE

Text appearing for the first time in the new statement is in red and underlined.

Black text appears in both statements.

Watch Federal Reserve Chair Jerome Powell's press conference here.

Get a weekly recap of the latest San Francisco Bay Area housing news with the Housing Deconstructed newsletter.

  SIGN UP

Also on CNBC

• Trump policies 'promise' an economic downturn, says prominent forecaster
• Slower growth is likely ahead with risk of a recession rising: CNBC Fed Survey
• Trump picks Fed Governor Michelle Bowman as Fed's supervision head

Subscribe to the CNBC YouTube Channel

Morning Squawk Newsletter