"We are sitting very, very little inflation with the Federal Reserve putting a target at 2% not that long ago... Since money doesn't cost anything, you can print lots of money and have full employment and no inflation… I wouldn't think you can have these things at these levels – long-term rates, interest rates, budget deficits -- have that at a stable situation for a long period of time," Buffett added.
Despite raising the federal funds rate nine times in three years, the Fed is still keeping borrowing costs relatively low in a target between 2.25% and 2.5, and the central bank has signaled a pause in hiking interest rates this year. Stocks have risen to record highs recently in the low-rate environment.
I think he buys Fannie and Freddie.
That is a huge “if”!
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