Is the Fed Thinking About Financial Stability?

Think about financial markets. How are we thinking about that aspect of the feds policy workings, its relationship with markets at the moment? Because we have seen stocks fall quite a bit. But part of me feels like the fed does necessarily care, you know, if big tech um valuations come down. Where i think they might start to get concerned is when something like the credit market starts to show signs of strain. Yo, obviously, if we had 20 % dropin in overnight, that would probly be something interesting.