Fed Announces Monetary Policy Update for December

Fed Announces Monetary Policy Update for December
Federal Reserve Chair Jerome Powell prepares to testify before a Senate Banking Committee hybrid hearing on oversight of the Treasury Department and the Federal Reserve on Capitol Hill in Washington, on Nov. 30, 2021. Elizabeth Frantz/Reuters
Nicholas Dolinger
Updated:
News Analysis
The Federal Reserve indicated that it will pursue a more aggressive policy to fight inflation in a new FOMC statement released on Wednesday.