The feedback loop through exchange rate and financial market channels appears to be elevated, several factors suggest that the appropriate path to return monetary policy to a neutral stance could turn out to be quite shallow. Fed Governor Lael Brainard More Quotes by Fed Governor Lael Brainard More Quotes From Fed Governor Lael Brainard We've already seen by that measure some material tightening in the United States. Fed Governor Lael Brainard business Notwithstanding the fact that the law does not prescribe broad structural changes, some observers may judge whether reform has gone far enough based on the extent of changes in the scope or scale of the U.S. systemic banking institutions relative to the crisis. Fed Governor Lael Brainard business