The Minutes of Brad Gerstner on fed policy https://minutesof.com/brad-gerstner/on/fed-policy/ Everything Brad Gerstner has said on Fed policy: 8 verbatim quotes between March 2022 and November 2023, each with a timestamp and a link to the recording… en Sun, 30 Aug 2026 16:21:50 +0000 Gerstner says the key missing element for the last three years has been predictability in markets. https://minutesof.com/q/aecf35c7-2ec3-48b3-baea-e62f5bcaf206/ https://minutesof.com/q/aecf35c7-2ec3-48b3-baea-e62f5bcaf206/ “What we need In the nineties. We need predictability. Yeah. And what we haven't had the last three years is predictability.” — CNBC Television Wed, 08 Nov 2023 15:35:15 +0000 fed policy Gerstner says the Fed made a clear mistake in summer 2021 by not seeing inflation coming. https://minutesof.com/q/f72e17ad-522b-4dd9-96d2-4a3d75bb3870/ https://minutesof.com/q/f72e17ad-522b-4dd9-96d2-4a3d75bb3870/ “But by the summer of twenty one, when the Fed was saying they don't see inflation, that was clearly a mistake.” — CNBC Television Wed, 08 Nov 2023 15:35:15 +0000 fed policy Gerstner says cargo container costs increased tenfold by June 2021 when inflation was evident. https://minutesof.com/q/76ce1075-5537-454d-ac71-744ee664e22b/ https://minutesof.com/q/76ce1075-5537-454d-ac71-744ee664e22b/ “June 2021, when the world knew inflation was here. I mean, the cost of a cargo container had gone up by 10 x.” — CNBC Television Thu, 28 Sep 2023 19:12:52 +0000 fed policy Gerstner cites Kashkari's June 2021 forecast of no rate hikes until 2024 as evidence of Fed miscalculation. https://minutesof.com/q/472c426b-85d3-4279-90be-5d543ca9080f/ https://minutesof.com/q/472c426b-85d3-4279-90be-5d543ca9080f/ “He says we're not gonna have rate hikes until 2024. That's how wrong the Fed's forecast was in June 2021 because they were making the argument that inflation was transient.” — CNBC Television Thu, 28 Sep 2023 19:12:52 +0000 fed policy Gerstner highlights the shift from zero rates to 8% mortgages as evidence of dramatic policy change. https://minutesof.com/q/5a993ced-5033-444b-9b80-710973ab71a2/ https://minutesof.com/q/5a993ced-5033-444b-9b80-710973ab71a2/ “We've gone from effectively a 0% interest rate environment in ZERP, where corporations borrowed for free and consumers borrowed for free, to now we have 8% mortgages.” — CNBC Television Thu, 28 Sep 2023 19:12:52 +0000 fed policy Gerstner notes Fed raised 2024 GDP forecast from 1.1% to 1.5% despite worsening real economy conditions. https://minutesof.com/q/5964ea00-d263-4a47-95b6-c477e7054d7c/ https://minutesof.com/q/5964ea00-d263-4a47-95b6-c477e7054d7c/ “The Fed forecast in June of this year for GDP growth for 2024 was 1.1%. Today, the Fed forecast for GDP growth in 2024 is 1.5%.” — CNBC Television Thu, 28 Sep 2023 19:12:52 +0000 fed policy Gerstner reports the Fed expects 2% negative real rates by year-end, with 4.3% inflation and 2.3% ten-year rat https://minutesof.com/q/f38b9dbb-5996-43e1-a51d-292247c244a4/ https://minutesof.com/q/f38b9dbb-5996-43e1-a51d-292247c244a4/ “They said we expect inflation exiting the year to be 4.3 and we expect the ten year to be around 2.3.” — All-In Podcast Sat, 26 Mar 2022 05:49:32 +0000 fed policy Gerstner argues the Fed is behind the curve on recession rather than inflation, citing massive demand destruct https://minutesof.com/q/3c5532d8-cf97-4388-84d3-94027d5976c6/ https://minutesof.com/q/3c5532d8-cf97-4388-84d3-94027d5976c6/ “I tweeted a few weeks ago, the Fed's probably behind the curve on recession, not inflation. Right? We have massive demand destruction going on right now in The US economy.” — All-In Podcast Sat, 26 Mar 2022 05:49:32 +0000 fed policy