Federal Reserve, every mention

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every year anyone Howard Marks 12Fabrice Grinda 11William Hockey 9Roger Ehrenberg 8Larry Summers 7Jackie Reses 6Harry Stebbings 5Mark Carney 4Kris Dickson 4Jason Lemkin 3

Verbatim, from the transcripts: the passages where Federal Reserve comes up

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Kalshi CEO Tarek Mansour on Raising $1BN, CNN and CNBC Deals & the Polymarket Feud · 20VC with Harry Stebbings Dec 8, 2025 · 2 mentions

  • ▶ 5:43 Tarek Mansour Um, but when there's a Fed decision, that's on top of people's minds, and that's where the trading volume is.
  • ▶ 14:19 Tarek Mansour And then prediction markets can benefit from the news because you can create that habit, which is like, I read a market, I read something about whether the Fed is going to raise interest or the economy, I can maybe directly trade on it and…

The Impact of H1B Visas on Startups in the US & NVIDIA Invests $100BN Into OpenAI · 20VC with Harry Stebbings Sep 25, 2025 · 1 mention

  • ▶ 21:27 unnamed speaker And the short term message is, oh my God, the Fed's cutting rates, blah, blah, blah, things are going up.

Kevin Ryan: Are the Best CEOs the Best Fundraisers & Why Ownership Should Not Be a Focus in VC|E1138 · 20VC with Harry Stebbings Apr 10, 2024 · 1 mention

  • ▶ 1:04:10 Kevin Ryan What the Biden administration has done, which doesn't get credit for, uh, combined with the Federal Reserve, has been remarkable management.

Billy Hult: 27 Years of Compounding Growth Leading to the Market Leader with $1.4BN in Revenue|E1134 · 20VC with Harry Stebbings Mar 29, 2024 · 1 mention

  • ▶ 29:15 Billy Hult The famous line when, you know, the financial crisis was kind of roaring and the story was, was that like Lloyd was, you know, in a, in a town car headed down to see the fed and kind of one of the bankers in the car said to him, like, I…

Jason Lemkin: Predictions for 2024 - What Does a Trump Administration do for Startups? | E1099 · 20VC with Harry Stebbings Jan 4, 2024 · 2 mentions

  • ▶ 14:51 Jason Lemkin How can I get 18% interest when the Fed was at zero, right?
  • ▶ 1:01:39 Jason Lemkin If inflation rates come down even a little, I mean, sorry, if the Fed, if interest rates come down even a little bit, PE gets much more attractive.

Larry Summers: How the Fed screwed up; What a Trump win would do to the economy | E1024 · 20VC with Harry Stebbings Jun 12, 2023 · 7 mentions

  • ▶ 4:03 Larry Summers I think some of the things the Fed did in terms of its so-called flexible average inflation targeting framework were not what I would have advised, but I think the much bigger problem was hopeful diagnosis and assessment rather than… 7 times in the scene

Mark Carney: First Republic Bank Fails; Will Interest Rates Rise? Global Warming's Net Zero | E1008 · 20VC with Harry Stebbings May 1, 2023 · 4 mentions

  • ▶ 26:48 Mark Carney And, uh, you know, if we had been talking, uh, at the end of February, early March before Silicon Valley bank, I would have said something to the effect of, I think the fed may have to go to six percent fed funds. 4 times in the scene

Tomasz Tunguz: How I Raised $230M; ChatGPT vs. Google; How LLMs Work; Trump vs DeSantis | E1004 · 20VC with Harry Stebbings Apr 21, 2023 · 1 mention

David Marcus: How I Came to Lead PayPal; Why FB's Crypto Failed; How AI Fixes Inequality | E1001 · 20VC with Harry Stebbings Apr 14, 2023 · 1 mention

Jackie Reses: The Most Powerful Woman in Finance; Making $50BN for Yahoo on Alibaba | E996 · 20VC with Harry Stebbings Mar 31, 2023 · 6 mentions

  • ▶ 20:21 Jackie Reses and so I could do that and then move from that to a, you know, meeting at the Federal Reserve, and I have no issues going from
  • ▶ 23:40 Jackie Reses I needed something that was going to get us approved by the Federal Reserve, and that was, and speed mattered.
  • ▶ 47:32 Jackie Reses So I've been involved with the Federal Reserve for eight years, and I was recently the chairman in San Francisco of their Economic Advisory Council for the last two years. 4 times in the scene

Mike Maples: Lessons from SVB; Crisis Management Tips; USD's Status as the Reserve Currency | E993 · 20VC with Harry Stebbings Mar 24, 2023 · 2 mentions

  • ▶ 35:46 Harry Stebbings Should the Fed just guarantee all depositors across all banks to prevent bank runs? 2 times in the scene

Bill Ackman: SVB Collapse; Biden vs Trump; How I Lost $400M on Netflix; Bill's 10-Year Long | E991 · 20VC with Harry Stebbings Mar 20, 2023 · 1 mention

Jackie Reses & Kris Dickson: What Happened with SVB? Are VCs to Blame? | E988 · 20VC with Harry Stebbings Mar 13, 2023 · 4 mentions

  • ▶ 2:31 Kris Dickson They can evolve over time, like, say, Fed rates, or in today's hyper-connected mediaverse, of which you are a significant part, 4 times in the scene

Jason Lemkin: WTF is Going On in VC? Are LPs Investing in New Funds? | 20VC #965 · 20VC with Harry Stebbings Jan 13, 2023 · 1 mention

  • ▶ 52:28 Jason Lemkin When we see the type of growth we see out there that we will have these multiples when we, when the fed gets through whatever the hell it's going to do.

William Hockey: How I Founded Plaid; The Ultimate Cold Email Tip; Hiring Lessons | 20VC #955 · 20VC with Harry Stebbings Dec 3, 2022 · 9 mentions

  • ▶ 30:05 William Hockey In the end, you know, turtles all the ways down, the Fed just moves money from one account to another account. 4 times in the scene
  • ▶ 37:02 William Hockey What they were talking about, they're not actually talking about the underlying protocols at the Fed or TCH or kind of like the really bones of the US financial system. 3 times in the scene
  • ▶ 38:52 William Hockey You can actually do that on top of the Fed, right? 2 times in the scene

Cathie Wood: Elon & Twitter; Why Facebook is a Value Stock Now; ARK's Performance | 20VC #949 · 20VC with Harry Stebbings Nov 14, 2022 · 1 mention

  • ▶ 6:14 Cathie Wood Um, uh, we had, we agreed, we agreed to disagree, and that was, uh, the Fed eased.

Michael Mauboussin: The Single Biggest Mistake Investors Make In Decision-Making | 20VC #945 · 20VC with Harry Stebbings Nov 4, 2022 · 1 mention

Brad Gerstner: How I Pick Companies; Lessons from Warren Buffet; Chamath vs Gurley | E935 · 20VC with Harry Stebbings Oct 10, 2022 · 1 mention

  • ▶ 31:26 Brad Gerstner So right now the market's saying fed funds rate will peak out in March of next year, something like four or four and a half percent.

20VC: The Memo: Bill Gurley, Doug Leone, Keith Rabois; Investing Lessons from Prior Busts, How Their Investor Psychology Changed, What Can Be Applied To Today's Market Jun 29, 2022 · 4 mentions

  • ▶ 12:03 Roger Ehrenberg Very, very different than the dynamics of, you know, the global financial crisis or LTCM, or even in 94, that's when the Fed raised rates over the next 18 months by 300 basis points. 4 times in the scene

Fabrice Grinda: The First Person to Predict the Collapse of Credit Suisse? | 20VC #886 · 20VC with Harry Stebbings May 21, 2022 · 5 mentions

  • ▶ 29:34 Fabrice Grinda Higher inflation than the, the, the expectations of, uh, of price stability at like two, three percent, uh, set by the Fed. 4 times in the scene
  • ▶ 47:55 Fabrice Grinda Yeah, but that's also, so yes, and by the way, I think the Fed is expecting a 50 bips raise in the coming, I don't know, days or weeks.

20VC: WTF Is Going On? 3 Outcomes for What Could Happen From Here; What Needs to Happen To Avoid Recession? Why Stagnation is Most Likely and What This Means for Startups and Venture & Why Catastrophe is More Likely Than Ever and Switzerland Could Be a "H May 9, 2022 · 6 mentions

  • ▶ 26:45 Fabrice Grinda Higher inflation than the expectations of price stability at like two, three percent set by the Fed. 5 times in the scene
  • ▶ 40:18 Fabrice Grinda So yes, and by the way, I think the Fed is expecting a 50 bips raise in the coming days or weeks, and it will still be way below lower historical average, right?

20VC: How Startup Valuations, Fund Deployment Cycles, M&A and IPO Markets Will All Change in This New Market, Where Will The Biggest Crunch Be, When Is The Right Time To Be Aggressive vs Conservative with Roger Ehrenberg, Founding Partner @ IA Ventures Jan 31, 2022 · 4 mentions

  • ▶ 6:56 Roger Ehrenberg Very, very different than the dynamics of, you know, the global financial crisis or LTCM, or even in 94, that's when the Fed raised rates over the next 18 months by 300 basis points. 4 times in the scene

20VC: Bill Gurley and Michael Eisenberg on The First Signs of an Impending Bust, What Happens with a Market Crash, How Do Public Markets Impact Private Valuations & The Biggest Lessons from 20 Years Investing in Venture Dec 6, 2021 · 1 mention

20VC: Bill Gurley and Howard Marks: What Happened In 2020? What Can We Expect Looking Forward to 2021? Jan 4, 2021 · 17 mentions

  • ▶ 4:07 Howard Marks The Fed and the Treasury did what they did in this country, central banks elsewhere, and, uh, clearly we've had a very painful and precipitous but brief recession.
  • ▶ 9:41 Howard Marks Yeah, Harry, you know, the Fed says it's not, it's going to keep rates low until we get progress on its growth and inflation targets, and, uh, you know, the purpose of low rates is to encourage economic activity, and the central banks only… 4 times in the scene
  • ▶ 12:51 Harry Stebbings And I guess, do you feel that the Fed have done enough in terms of stimulating labor employment markets? 3 times in the scene
  • ▶ 18:25 Howard Marks But then, when the Fed amped up its response in the week of March 23rd, people took so much comfort from the Fed's activities. 5 times in the scene
  • ▶ 21:41 Bill Gurley And then the Fed's action did do something that caused a fix to the market that didn't happen in oh one and oh nine, which is capital never got scarce. 2 times in the scene
  • ▶ 34:13 Howard Marks Fortunately, the Fed and Treasury responded as well as they did.
  • ▶ 34:42 Bill Gurley You know, you see it in the financial world, like the Fed's trying to push through FedNow, which would be an incredible alternative to ACH.

20VC: Lessons from Investing in Uber and Airbnb, How To Think Through Bundling vs Unbundling, Late Stage Funds Moving Earlier, Early Stage Funds Moving Later& The Mechanics of Venture That Founders Should Know with Derek Zanutto, General Partner @ Capital Nov 9, 2020 · 3 mentions

  • ▶ 8:26 Derek Zanutto 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. 3 times in the scene

20VC: Elad Gil on Startup Offense and Defence in a Recession, How The Venture Landscape Has Shifted & All Things Valuations, Secondaries and Layoffs May 26, 2020 · 1 mention

  • ▶ 16:43 Elad Gil Is really impacted quite badly, but the Fed is pumping a lot of money into the system, and I think a lot of people are kind of expecting everything to get bailed out, right?

20VC: Howard Marks on How COVID-19 Impacts Our Economy, Liquidity and National Debt, Why The Theory of Falling Knives and Market Bottoms is Wrong & Why The Best Investors Are Fundamentally Unemotional Mar 30, 2020 · 1 mention

  • ▶ 8:34 Howard Marks There are other things that the Fed and the government can do, and they'll do them all to try to bring the economy back.

20VC: a16z's Alex Rampell on The Struggle Between Innovation vs Distribution, When How To Determine Whether An Application is Optimised Through Centralised or Decentralised Networks & Why Most ICOs Today Are Ridiculous Nov 13, 2017 · 1 mention

  • ▶ 28:07 Alex Rampell So Bitcoin is, if you don't believe in the Fed, or if you live in Venezuela, or if you want some kind of portable store of value, like Bitcoin has not worked as a currency, but I believe it has worked and will continue to work as a store of

20VC: AngelList's Naval Ravikant on The Secrets To Success At Seed, Why Micro VC Is The Return of Traditional Series A & Why We Will See The Unbundling Of Traditional VC Brands Apr 10, 2017 · 1 mention

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