Fed Governor Lael Brainard said on Friday that developments abroad could have an impact on the Fed's interest rate decision.

"The combination of heightened spillovers from weaker foreign economies, along with a lower neutral rate, could result in a lower policy path in the United States relative to what many had predicted," she said.

Brainard noted that policymakers of major economies should coordinate their monetary policies.

"A joint determination by policymakers across major economies to better deploy policy tools to provide support for global demand could be beneficial," Fed governor said.