Fed Announces Monetary Policy Update for DecemberThe new policy brief indicated a more aggressive program of rate hikes, but the stock market was undisturbed by the newsCopyFacebookXTruthGettrLinkedInTelegramEmailSaveFederal 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/ReutersBy Nicholas Dolinger12/18/2021Updated: 12/18/2021PrintNews AnalysisThe Federal Reserve indicated that it will pursue a more aggressive policy to fight inflation in a new FOMC statement released on Wednesday.