Fed Announces Monetary Policy Update for December

The new policy brief indicated a more aggressive program of rate hikes, but the stock market was undisturbed by the news

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

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.