An Update on the Federal Reserve's Financial Stability Agenda, Federal Reserve Governor Lael Brainard, At the Center for Global Economy and Business, Stern School of Business, New York University, New York, New York

The Federal Reserve's work on financial stability is integral to our dual-mandate objectives of price stability and full employment. As the Global Financial Crisis demonstrated, when severe financial stress triggers a broad pullback from risk, the resulting disruption in financial intermediation can impose deep and lasting damage on American families, workers, and businesses.1