The Honorable Lael Brainard
Member, Board of Governors of the Federal Reserve System
Douglas Elmendorf (moderator)
Dean and Don K. Price Professor of Public Policy, Harvard Kennedy School
Member of the Board of Governors of the Federal Reserve, Lael Brainard presented the Malcolm Wiener Lecture in International Political Economy. She spoke on the falling rate of unemployment, foreign exchange rates, and rising inflation expectations. She noted that as the federal funds rate continues to move higher, a transition in balance sheet policy will also be necessary. Dean and Don K. Price Professor of Public Policy at the Harvard Kennedy School, Douglas Elmendorf moderated the event.