Buffett says if he ran Fed, he would not raise rates significantly

Fortune

Warren Buffett, the billionaire chief executive officer and chairman of Berkshire Hathaway, 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.”

He also noted that the economy “is improving month by month.”

Buffett spoke at an automotive industry conference in New York, along with the chairman of the Berkshire Hathaway automotive dealer group, Larry Van Tuyl.

Buffett and Van Tuyl said that Berkshire Hathaway Automotive is actively looking to purchase more dealerships to add to the 81 auto dealerships it now owns in 10 states. Van Tuyl said that the…

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