As the fallout from Silicon Valley Bank 's failure continues to unfold, the Federal Reserve needs to slow down before "a lot more stuff" breaks, Altimeter Capital's Brad Gerstner told CNBC's Halftime Report Monday. "By Thursday, it was very clear that our entire regional banking system was in trouble." Their profile was far different from most regional banks, which focus on small businesses or individual consumers. "We are at the verge of one of the most interesting periods of technological innovation," Gerstner told CNBC's Scott Wapner, before comparing the current moment to the 2008 financial crisis. "That's the market telling the Fed that 'you better slow down, otherwise a lot more stuff is going to break.'"

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