---
title: "The changes in the statement from January to March 2026"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/279650028.md"
description: "The Federal Reserve made three notable changes in its statement from January to March 2026. First, the language regarding unemployment was softened, changing from \"has shown some signs of stabilization\" to \"has been little changed in recent months.\" Second, a new sentence was added highlighting the uncertainty of Middle East developments on the U.S. economy, indicating geopolitical risk. Lastly, Christopher J. Waller changed from a dissenter to a voter in favor of holding rates, leaving Stephen I. Miran as the sole dissenter."
datetime: "2026-03-18T18:17:53.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/279650028.md)
  - [en](https://longbridge.com/en/news/279650028.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/279650028.md)
---

> 支持的语言: [English](https://longbridge.com/en/news/279650028.md) | [繁體中文](https://longbridge.com/zh-HK/news/279650028.md)


# The changes in the statement from January to March 2026

Here's a summary of the three changes made from January to March:

**Change 1 — Unemployment language (Paragraph 1):** The Fed softened its characterization. "Has shown some signs of stabilization" was replaced with the more neutral "has been little changed in recent months" — removing any implication of improvement.

**Change 2 — New sentence added (Paragraph 2):** An entirely new sentence was inserted: _"The implications of developments in the Middle East for the U.S. economy are uncertain."_ This is a significant addition, flagging geopolitical risk as a formal concern in the policy statement.

**Change 3 — Voting dissent (Voting section):** Christopher J. Waller flipped from dissenter to voter in favor of holding rates. That leaves Stephen I. Miran as the lone dissenter — down from two. The grammar shifted accordingly ("were" → "was").

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