Kevin Warsh is deliberately trying to signal less in the FOMC statement so the small details likely matter less. That said, it's always good practice to have one final read of the statement before a new one is released. Note that with a 9-3 vote, it wil only take two changes to get a rate hike. That said, if this comes out 5-4 in either direction, it will be trouble for markets.The July 29 statement:The Federal Open Market Committee approved the following statement for release by a 9 – 3 vote:The Committee decided to maintain the target range for the federal funds rate at 3-1/2 to 3-3/4 percent, in support of the Federal Reserve's dual mandate. The Committee is continuing its policy of maintaining ample reserves in the banking system.Economic activity is expanding at a solid pace despite elevated uncertainty that owes, in part, to the conflict in the Middle East. Productivity growth and capital investment are strong. Job gains have kept pace with the workforce, and the unemployment rate has changed little.Inflation remains elevated relative to the Committee's 2 percent goal, in part reflecting supply shocks that have driven price increases in certain sectors, including energy. The Committee will deliver price stability.Voting against the monetary policy action were Beth M. Hammack, Neel Kashkari, and Lorie K. Logan, who preferred to raise the target range for the federal funds rate by 1/4 percentage point at this meeting. This article was written by Adam Button at investinglive.com.