https://minutesof.com/on/fed-policy/ Everyone on the record about Fed policy: 24 verbatim quotes from 5 people, December 2019 to June 2026, in one chronology, each with a timestamp and a link… en Sun, 30 Aug 2026 22:32:58 +0000 https://minutesof.com/q/8a080f2a-3ca7-4070-9c13-414d3d1b8743/ https://minutesof.com/q/8a080f2a-3ca7-4070-9c13-414d3d1b8743/ “The reaffirmed statement is identical to the statement adopted in August 2020 following the Committee's review of its monetary policy strategy, tools, and communication practices” — Kevin Warsh, FOMC press conferences (video and transcript) fed policy https://minutesof.com/q/66efaee1-62af-4a6d-9467-66431e934eac/ https://minutesof.com/q/66efaee1-62af-4a6d-9467-66431e934eac/ “The Federal Open Market Committee, at its annual organizational meeting this week, unanimously reaffirmed its "Statement of Longer-Run Goals and Monetary Policy Strategy."” — Kevin Warsh, FOMC press conferences (video and transcript) fed policy https://minutesof.com/q/ea2ee804-b799-4d19-80bc-8092b169480e/ https://minutesof.com/q/ea2ee804-b799-4d19-80bc-8092b169480e/ “I don't see any reason to cut rates. I don't think this economy needs stimulus. The economy is doing fine.” — Howard Marks, Barron's Fri, 12 Jun 2026 17:53:42 +0000 fed policy https://minutesof.com/q/425b3576-a3a7-4feb-8132-551ef9fb9c21/ https://minutesof.com/q/425b3576-a3a7-4feb-8132-551ef9fb9c21/ “I'll say since 10/01/2022, which is a special date for a reason, it's when the Fed turned more dovish.” — Howard Marks, Barron's Fri, 12 Jun 2026 17:53:42 +0000 fed policy https://minutesof.com/q/e0d5eb77-7408-42e2-bfb4-1dfa461b1e6d/ https://minutesof.com/q/e0d5eb77-7408-42e2-bfb4-1dfa461b1e6d/ “And if Fed puts money artificially cheap, then it induces behavior like risk taking. It forces people into riskier activities because the returns on safe activities are so low.” — Howard Marks, Bloomberg Podcasts Thu, 11 Dec 2025 14:50:59 +0000 fed policy https://minutesof.com/q/a3fcdc62-7fcb-41b8-8562-3e86fa218662/ https://minutesof.com/q/a3fcdc62-7fcb-41b8-8562-3e86fa218662/ “And the Fed manipulations are a form of price controls. You know, they control the price of money.” — Howard Marks, Bloomberg Podcasts Thu, 11 Dec 2025 14:50:59 +0000 fed policy https://minutesof.com/q/549d9dfd-77f6-4067-a4dd-5494f8c0cd86/ https://minutesof.com/q/549d9dfd-77f6-4067-a4dd-5494f8c0cd86/ “And the Fed manipulations are a form of price controls. You know, they control the price of money. And if Fed puts money artificially cheap, then it induces behavior like risk taking.” — Howard Marks, Bloomberg Podcasts Thu, 11 Dec 2025 14:50:59 +0000 fed policy https://minutesof.com/q/356dc4c5-3329-4dbb-aa7d-79019a50dbe5/ https://minutesof.com/q/356dc4c5-3329-4dbb-aa7d-79019a50dbe5/ “The notion that we would cut rates. Financial markets are wide open. Equities are at all time high. Financing is available. Real estate prices are going up” — Marc Rowan, Bloomberg Television Wed, 02 Oct 2024 13:14:05 +0000 fed policy 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.” — Brad Gerstner, CNBC Television Wed, 08 Nov 2023 15:35:15 +0000 fed policy 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.” — Brad Gerstner, CNBC Television Wed, 08 Nov 2023 15:35:15 +0000 fed policy https://minutesof.com/q/15a739bd-c80b-4168-bcba-38bf5376930b/ https://minutesof.com/q/15a739bd-c80b-4168-bcba-38bf5376930b/ “If inflation's two, then the Fed funds rate should be higher than that so that there's a positive real Fed funds rate.” — Howard Marks, David Rubenstein Wed, 04 Oct 2023 12:46:10 +0000 fed policy 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%.” — Brad Gerstner, CNBC Television Thu, 28 Sep 2023 19:12:52 +0000 fed policy 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.” — Brad Gerstner, CNBC Television Thu, 28 Sep 2023 19:12:52 +0000 fed policy 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.” — Brad Gerstner, CNBC Television Thu, 28 Sep 2023 19:12:52 +0000 fed policy 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.” — Brad Gerstner, CNBC Television Thu, 28 Sep 2023 19:12:52 +0000 fed policy https://minutesof.com/q/f049b61b-b689-4ce7-bcfc-a797c9f27b8c/ https://minutesof.com/q/f049b61b-b689-4ce7-bcfc-a797c9f27b8c/ “So you're going to probably about 800,000,000,000 in treasuries issued between now and year end. The Fed will be continuing on with QT.” — Stanley Druckenmiller, Bloomberg Live Wed, 07 Jun 2023 15:27:20 +0000 fed policy https://minutesof.com/q/809d6e79-864a-4591-9347-2805ec682bd8/ https://minutesof.com/q/809d6e79-864a-4591-9347-2805ec682bd8/ “I think globally we had 30,000,000,000,000 of QE. Even as late as, I think a year ago, was 18,000,000,000,000 of debt that was still negative yielding when the world was about to experience 8% inflation.” — Stanley Druckenmiller, René Sellmann Thu, 16 Jun 2022 15:02:21 +0000 fed policy 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.” — Brad Gerstner, All-In Podcast Sat, 26 Mar 2022 05:49:32 +0000 fed policy 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.” — Brad Gerstner, All-In Podcast Sat, 26 Mar 2022 05:49:32 +0000 fed policy https://minutesof.com/q/f576d218-9c3a-4f7f-b435-3eddc15d45ce/ https://minutesof.com/q/f576d218-9c3a-4f7f-b435-3eddc15d45ce/ “I will go to my grave believing that that financial crisis happened because of bubbles created by easy money. And I just don't understand why we need interest rates where they are now.” — Stanley Druckenmiller, Bloomberg Television Mon, 06 Jan 2020 18:44:41 +0000 fed policy https://minutesof.com/q/5ce1dbc3-8c69-4e9c-9635-dab245cfc052/ https://minutesof.com/q/5ce1dbc3-8c69-4e9c-9635-dab245cfc052/ “If I came down from Mars and you showed me the the broad landscape and asked me where Fed funds would be, probably would guess three and a half, somewhere in there.” — Stanley Druckenmiller, Bloomberg Television Mon, 06 Jan 2020 18:44:41 +0000 fed policy https://minutesof.com/q/29a5e5a4-38fb-4e45-83e5-bdaaa5f077cf/ https://minutesof.com/q/29a5e5a4-38fb-4e45-83e5-bdaaa5f077cf/ “We're running a trillion dollar deficit at full employment. Apparently, we're gonna have some sort of green stimulus in Europe, and we have negative real rates everywhere and negative absolute rates a lot of places.” — Stanley Druckenmiller, Bloomberg Television Mon, 06 Jan 2020 18:44:41 +0000 fed policy https://minutesof.com/q/ff67e782-89a8-4d5d-b896-3c0136ff5869/ https://minutesof.com/q/ff67e782-89a8-4d5d-b896-3c0136ff5869/ “It's the most anti capitalist idea I could ever dream up. And he's pushing Powell. You know, I didn't want to believe this, but it's pretty clear now that he's had an effect on Powell.” — Stanley Druckenmiller, Bloomberg Television Thu, 19 Dec 2019 02:48:34 +0000 fed policy https://minutesof.com/q/2e8b8dc4-e67f-4ad2-ab7e-e8aeaaa4f642/ https://minutesof.com/q/2e8b8dc4-e67f-4ad2-ab7e-e8aeaaa4f642/ “I look back and the core PCE was one and a half in '98 and '99 when Greenspan started raising rates again from 475 is currently one seven and he's got them at 1.5.” — Stanley Druckenmiller, Bloomberg Television Thu, 19 Dec 2019 02:48:34 +0000 fed policy