Fed's Clarida Says U.S. Economy in Good Shape, Outlook Solid

The video discusses the importance of trade in the US economy, referencing a quote from President George H.W. Bush. It highlights the role of trade in the global economy and the US's economic outlook. The discussion then shifts to the Federal Reserve's policy, its dual mandate of maximum employment and stable inflation, and its role in financial stability. The video concludes with a focus on the Fed's responsibilities in supervision and regulation to maintain financial stability.

What role does the Fed play in achieving financial stability according to the text?

What balance does the speaker suggest is appropriate for the Fed's responsibilities?