Special topicBingoplusgcashBuffett's 2024 shareholders' meeting is a big hit.
This article comes from: financial circles
Under the attention of global investorsBingoplusgcashBerkshire Hathaway's annual shareholders' meeting was held as scheduled. At the meeting, legendary investor Warren Buffett spoke highly of the work of Federal Reserve Chairman Jerome Powell, praising him for successfully guiding the development of the US economy over the past few years.
Mr Buffett said Mr Powell was a "very smart man" whose deep understanding and excellent leadership of the economy enabled the Fed to make informed decisions in the face of complex and volatile economic conditions. Buffett's evaluation undoubtedly cast a strong vote of support for Powell's work and highlighted Powell's important position on the global economic stage.
However, Buffett also pointed out that the Fed still needs the help of members of Congress to control the growing deficit in the United States. He said frankly that although Powell controls monetary policy, he "does not control fiscal policy," which limits the Fed's response to economic problems. Buffett stressed that if the United States is in economic trouble, the root of the problem is likely to lie in the lack of fiscal policy.
In addition, Buffett also talked about his views on the current economic situation. He believes that although the global economy faces many challenges, under the leadership of Powell, the Federal Reserve has taken a series of effective measures to stabilize markets and promote economic growth. He believes that under the guidance of Powell, the US economy will continue to maintain steady growth.
Buffett also stressed the importance of coordination between fiscal policy and monetary policy. He said that only by combining fiscal policy with monetary policy can we better respond to economic challenges and promote sustainable economic development. He hopes that members of Congress will recognize this and actively cooperate with the Federal Reserve to contribute to the prosperity and development of the US economy.