Chairman Warsh drastically alters Fed rate statement. Here's what's changed

Wednesday's Federal Open Market Committee statement alone showed the Federal Reserve is entering a new era under Chairman Kevin Warsh .

The statement released Wednesday contained around 130 words, down from figures above 300 recorded in recent meetings, according to a CNBC analysis of the releases.

Warsh acknowledged a "difference" in the statement early in his first press conference as chair on Wednesday. He said there was no forward guidance, as it was "not well suited for the current policy conjuncture."

"It's a bit shorter, a bit simpler and it dispenses with some older language," Warsh said. "That statement just gives you the facts, as best we can judge it."

Below is a comparison of Wednesday's FOMC statement with the one issued after the Fed's previous policymaking meeting in April.

Text removed from the April statement is in red with a horizontal line through the middle. Text appearing for the first time in the new statement is in red and underlined. Black text appears in both statements.

Wednesday's release contained no information on how members voted, previously a fixture at the end of releases under former Federal Reserve Chairman Jerome Powell . Instead, Wednesday's statement indicated only that it was a unanimous decision.

The latest statement also includes less color on how the Fed views current inflation trends and where it could be going next. However, the statement did say that the Fed is committed to having stable prices.