Federal Reserve

“I think there's been an oversupply Supply of capital for, you know, the better part of 10 years now, at least 10 years, really since the Fed took interest rates down to zero coming out of the GFC in 2008, 2009.”

“Until we get, you know, growth above two and a half or three, and until, certainly until we get inflation above two percent, I don't think you'll be seeing any increases in Fed funds rate coming from the central bank.”

“Hasn't happened yet in terms of how a business pays another business or how B to B payments are being done, and I remember this one number that I shared with Michael that I read the Federal Reserve research that indicated that there are around 18 trillion doll…”

“The day that we IPO'd in August of 2007, that same day was the first time since nine 11 that the Federal Reserve, the Japanese Central Bank and the European Central Bank had to intervene in the markets in a coordinated fashion to provide liquidity.”

“I think only three of the seven times that we've increased race have we've been able to avoid a recession.”

“And so I think there's a decent chance Powell says, you know, we've, we're not raising rates.”

“And so I have seen in the last few years a willingness to dig into crypto in a way that is profoundly different than in the past, where regulators might have had a more limited interaction with companies. I think they truly understood that they needed to under…”

“When we set the terms for our investing rounds, I was very comfortable letting our investors get a lot of their way on a lot of different components of the transaction because I knew I needed certain things. I needed a structure that was appropriate for a bank…”

“My own view, and I've said this many times, is that what Samuel Johnson said about second marriage is true about soft landings. They represent the triumph of hope over experience, and I don't think we're likely to be able to bring inflation down to its target …”

“I would have recognized that Very substantially excess demand was developing. I would have moved to signal my awareness of that and to start putting my foot on the brakes much sooner than they did, and certainly as inflation was rising, as we were having a rec…”

“I think it's very simple. Mr. Jerome Powell signaling to the world that interest rates are under control now. And the air has been taken out of the balloon and the interest rates have to go down.”

“The combination of the stimulus, the fiscal stimulus, What the Biden administration has done, which doesn't get credit for combined with the Federal Reserve, has been remarkable management.”