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

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

Watch NBC6 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.

Get local news you need to know to start your day with NBC 6's News Headlines newsletter.

>

  SIGN UP

Watch Fed Chair Jerome Powell's press conference here.

Also on CNBC

• The Fed cut rates by another quarter point: What that means for your money
• Fed cuts by a quarter point, indicates fewer reductions ahead
• Analysts put 3 portfolio stocks on their buy lists. Cramer gives his thoughts

Subscribe to the CNBC YouTube Channel

Morning Squawk Newsletter