Warren Buffett praises Fed policy work, but warns low rates may have unseen impacts
by Josh Funk, The Associated Press
The investment guru said no one can predict the effects of prolonged low rates because it has never happened before
OMAHA, Neb.—Investor Warren Buffett says the Federal Reserve and other policymakers are generally doing a good job, but it’s difficult to predict all the effects of interest rates remaining low for this long.
Buffett said on CNBC that no one can predict the effects of prolonged low rates because it has never happened before, but the U.S. economy has substantially recovered from the depths of the recession in 2008.
He appeared on CNBC Monday after spending more than five hours answering questions at Berkshire Hathaway’s annual meeting on Saturday, where roughly 40,000 people attended the shareholders meeting.
So this year’s addition of a webcast of the meeting didn’t result in a significant drop in attendance from last year’s crowd that was close to 45,000.