Buffett cautions on ‘extreme consequences’ from the Fed’s recent moves
From cnbc.com
Warren Buffett praised the Federal Reserve for its actions to blunt the effects of the coronavirus but said he worries about the repercussions. Speaking at Berkshire Hathaway’s annual investor meeting Saturday, Buffett said companies struggling to make it through the current period of social distancing owe thanks to the Fed for providing low-interest financing that is helping keep them afloat. Without mentioning specific worries, Buffett said he is concerned about the longer-term ramifications. “We’re doing things that we really don’t know the ultimate outcome to,” the 89-year-old investing legend said at the virtual ...
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