Investor Warren Buffett says the US Federal Reserve and other policymakers are generally doing a good job, but it is difficult to predict all the effects of interest rates remaining low for this long.
Buffett said on CNBC Monday that no one can predict the effects of prolonged low rates because it has never happened before, but the US economy has substantially recovered from the depths of the recession in 2008.
Buffett appeared on CNBC Monday after spending more than five hours answering questions at Berkshire Hathaway’s annual meeting on Saturday.
Buffett estimates 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.