Fed's Waller: Worry for a Few Banks Should Not Alter Policy

The transcript discusses the impact of monetary policy on banking stress, emphasizing the Fed's responsibility to achieve its dual mandate, which currently involves raising rates to combat inflation. It highlights the role of bank leaders in managing interest rate risk and asserts that monetary policy should not be altered due to poor management at a few banks. The Fed aims to support a healthy financial system while using financial stability tools to prevent and address risks.

What is the primary job of the Federal Reserve according to the text?

How do bank leaders manage interest rate risk?

What stance does the speaker take regarding altering monetary policy?

What are the goals of the monetary policy mentioned in the text?

What tools does the speaker mention to prevent risk in the financial system?