What is the meaning of the newly ordained priest receiving the stole and chasuble?

These are vestments which pertain to his office and have symbolic meaning.  The stole symbolizes the authority and responsibility to serve in imitation of Christ.  It reflects the line from the Scripture:  "For my yoke is easy, and my burden light" (Matthew 11:30). Because it symbolizes their authority within the Church, only a priest or a deacon may wear a stole.

The chasuble is the principal garment of the priest celebrating the Eucharist and is his outermost vestment.  In wearing it the priest is reminded that he is called to love all people as Christ did in a sacramental manner and it reflects the line from Scripture: “Put on the new nature, created after the likeness of God in true righteousness and holiness.” (Ephesians 4:24). Symbolizing his holy love, the priest wears the chasuble over his stole because the emphasis of a priests ministry is to project his love for the faithful, not his authority over them.