Buffett says if he ran Federal Reserve, he would not raise rates significantly
[NEW YORK] Warren Buffett, the billionaire chief executive officer and chairman of Berkshire Hathaway Inc said he would not raise interest rates significantly if he ran the Federal Reserve.
"I probably wouldn't do much," Buffett said when asked what he would do if he ran the Fed. "Things are working pretty well and I would be worried that if I raised rates significantly with negative interest rates in Europe, I would be very worried about what that would do to the flow of funds." Mr Buffett spoke at an automotive industry conference in New York along with chairman of the Berkshire Hathaway automotive dealer group, Larry Van Tuyl.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Crypto firm sues SEC to fend off oversight of Ethereum
Great Eastern chairman appeals for patience as shareholders fume over share price ‘disaster’
S&P Global first-quarter profit beats estimates on strong product demand
Thai banks cut rate for some borrowers after push from PM
Money laundering accused who faces 22 charges to plead guilty on May 14
BNP Paribas beats estimates as lower costs offset trading slump