https://minutesof.com/on/interest-rates/ Everyone on the record about interest rates: 25 verbatim quotes from 8 people, January 2020 to August 2026, in one chronology, each with a timestamp and a… en Sun, 30 Aug 2026 22:33:02 +0000 https://minutesof.com/q/eca4b5aa-6f50-49e9-b602-dacfce66e159/ https://minutesof.com/q/eca4b5aa-6f50-49e9-b602-dacfce66e159/ “Indeed, with immediate recognition (not shown), the depressing effect on the inflation rate is trivial, less than one tenth of a percentage point.” — John Williams, NY Fed speeches interest rates https://minutesof.com/q/f9727a72-a98f-4803-a265-497c78c476db/ https://minutesof.com/q/f9727a72-a98f-4803-a265-497c78c476db/ “Treasury repo rates later notably declined, falling as low as 15 basis points below the interest rate on reserve balances (IORB) in mid-May, though they have since rebounded.” — John Williams, NY Fed speeches interest rates https://minutesof.com/q/470deb1c-05eb-4eaf-9d8c-4112dbe35a93/ https://minutesof.com/q/470deb1c-05eb-4eaf-9d8c-4112dbe35a93/ “Meta's raised at, like, 5% to 6%. I don't see why they wouldn't pay 8% Because they would happily pay 8% because the return from the compute that they're going to build is humongous.” — Dylan Patel, Dwarkesh Patel Tue, 25 Aug 2026 15:57:53 +0000 interest rates https://minutesof.com/q/a57f7628-9d01-45ea-854c-c064550bc8ee/ https://minutesof.com/q/a57f7628-9d01-45ea-854c-c064550bc8ee/ “So why wouldn't interest rates Yep. For Amazon go from, you know, from where they are today? I think Meta pay okay, let's like so this is going be extremely lived out.” — Dylan Patel, Dwarkesh Patel Tue, 25 Aug 2026 15:57:53 +0000 interest rates https://minutesof.com/q/2310ec08-7a31-49b5-a44b-ce949ccf4162/ https://minutesof.com/q/2310ec08-7a31-49b5-a44b-ce949ccf4162/ “And forty years later in 2020, I was able to borrow at two and a quarter fixed for fifteen years.” — Howard Marks, Pepperdine University Mon, 02 Mar 2026 19:34:48 +0000 interest rates https://minutesof.com/q/d5b08bba-a62f-4fd0-bd1d-e9790ab5060e/ https://minutesof.com/q/d5b08bba-a62f-4fd0-bd1d-e9790ab5060e/ “Let Donald Trump is going to balance the budget of The United States Of America. Interest rates are gonna drop a 150 basis points during his term.” — Howard Lutnick, CBS Evening News Wed, 12 Mar 2025 00:26:30 +0000 interest rates 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 interest rates https://minutesof.com/q/84cacf70-ae6c-4b4a-a6de-8a948aa1a69a/ https://minutesof.com/q/84cacf70-ae6c-4b4a-a6de-8a948aa1a69a/ “And when that happens, you know, 2% increase in interest on $15,000,000,000,000 that's another $300,000,000,000 of interest payments a year.” — David Friedberg, Tom Bilyeu Tue, 02 Jul 2024 13:00:38 +0000 interest rates https://minutesof.com/q/db1cf0cd-7c32-443c-bce4-5c0fdd9cd71d/ https://minutesof.com/q/db1cf0cd-7c32-443c-bce4-5c0fdd9cd71d/ “we've had a soft landing. When rates have gone up 400 basis points and the wheels haven't come off the bus, as they say, I think that's the definition of a soft landing.” — Marc Rowan, Yahoo Finance Mon, 06 May 2024 16:23:24 +0000 interest rates https://minutesof.com/q/ae921316-b4a3-4353-9b51-16f8a0ce3567/ https://minutesof.com/q/ae921316-b4a3-4353-9b51-16f8a0ce3567/ “I think we're going back to a period of three to four on the ten year, a highly investable period.” — Brad Gerstner, CNBC Television Wed, 08 Nov 2023 15:35:15 +0000 interest rates https://minutesof.com/q/8e20e839-310f-4ca8-91b4-f70f9beea467/ https://minutesof.com/q/8e20e839-310f-4ca8-91b4-f70f9beea467/ “You went to the bank. They said we'll lend you 800,000,000 at 5%. Now the loan is up for renewal. You go in. They say, fine. We'll lend you 500,000,000 at 8%.” — Howard Marks, David Rubenstein Wed, 04 Oct 2023 12:46:10 +0000 interest rates 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 interest rates https://minutesof.com/q/a2cfb255-5998-4896-9e5d-c0f3bb57a9ee/ https://minutesof.com/q/a2cfb255-5998-4896-9e5d-c0f3bb57a9ee/ “what I said in the memo is that rates are likely to be between two and four, not between zero and two, the Fed funds rate.” — Howard Marks, David Rubenstein Wed, 04 Oct 2023 12:46:10 +0000 interest rates https://minutesof.com/q/913ddd48-663c-45a9-bd56-b73c8a328b0c/ https://minutesof.com/q/913ddd48-663c-45a9-bd56-b73c8a328b0c/ “So the decline of interest rates by 20 percentage points over that period was a dominant factor in the financial world.” — Howard Marks, David Rubenstein Wed, 04 Oct 2023 12:46:10 +0000 interest rates https://minutesof.com/q/730c36ab-073e-476d-aee5-323159b07026/ https://minutesof.com/q/730c36ab-073e-476d-aee5-323159b07026/ “Forty years later, the Fed funds rate was zero, and I had a loan outstanding from bank at two and a quarter.” — Howard Marks, David Rubenstein Wed, 04 Oct 2023 12:46:10 +0000 interest rates https://minutesof.com/q/94715e83-2cef-44c6-8bbf-662daec71e22/ https://minutesof.com/q/94715e83-2cef-44c6-8bbf-662daec71e22/ “We have 10% car loans. We have 20% credit cards. Student loans are about to kick in.” — Brad Gerstner, CNBC Television Thu, 28 Sep 2023 19:12:52 +0000 interest rates 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 interest rates https://minutesof.com/q/a4504abe-8c86-4a84-904b-add0326ed627/ https://minutesof.com/q/a4504abe-8c86-4a84-904b-add0326ed627/ “Everything that was purchased prior to 2022 is today worth less. The change in cap rates, the change in interest rates has simply made the market worth less.” — Marc Rowan, Barron's Thu, 11 May 2023 15:16:29 +0000 interest rates https://minutesof.com/q/9b71322e-f4c8-4641-9b70-0a9090dcdfe3/ https://minutesof.com/q/9b71322e-f4c8-4641-9b70-0a9090dcdfe3/ “They prefer 5% to 2%. It's no more we can make it really complicated, but when they're they've had a decade of very low ability to provide for retirement income, all of a sudden, can lock in 5% plus tax free for the next decade.” — Marc Rowan, CNBC Television Mon, 01 May 2023 15:24:57 +0000 interest rates https://minutesof.com/q/e4b95347-e6e3-48f3-b76c-7ba9afb8f496/ https://minutesof.com/q/e4b95347-e6e3-48f3-b76c-7ba9afb8f496/ “When interest rates jump up to 4%, well, now I can invest my money and I can make 20% back on my money in four and a half years.” — David Friedberg, Consumer VC with Mike Gelb Sun, 30 Apr 2023 12:51:57 +0000 interest rates https://minutesof.com/q/3a11d9e7-434c-4cc1-9626-ec57306db71a/ https://minutesof.com/q/3a11d9e7-434c-4cc1-9626-ec57306db71a/ “We're spending $800,000,000,000 a year on debt service right now. That could skyrocket to $1,500,000,000,000 which is over a third of the federal budget each year going into next year.” — David Friedberg, Megyn Kelly Mon, 17 Oct 2022 21:00:09 +0000 interest rates https://minutesof.com/q/4d290681-0331-4424-8f28-5f37703b0250/ https://minutesof.com/q/4d290681-0331-4424-8f28-5f37703b0250/ “the iron law of investing is interest rates. A 1% change in rates leads to a 15 or 20% change in a multiple.” — Brad Gerstner, All-In Podcast Mon, 23 May 2022 04:51:01 +0000 interest rates 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 interest rates https://minutesof.com/q/729c0b3e-080d-4004-8072-b161f297cea3/ https://minutesof.com/q/729c0b3e-080d-4004-8072-b161f297cea3/ “If I reduce my discount rate on any growth software company by 150 bps over the next ten years, the multiple will go up by two to three turns, right?” — Brad Gerstner, Invest Like the Best Tue, 23 Jun 2020 09:30:00 +0000 interest rates 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 interest rates