Financial authorities need to work hard to underpin macroeconomic fundamentals by focusing on how to strengthen fiscal and monetary policies, as well as regulatory and supervisory frameworks in the financial system. They should also remain fully alert to financial risks and keep stability at the fore of their concerns.
*  *  *  The views expressed by the author are his own and do not necessarily reflect those of the Federal Reserve System, its governors, officers or representatives. Introduction We are approaching the one-year anniversary of the Dodd-Frank Act.