November 26, 2015
Billionaire investor Warren Buffett says stock prices have gotten a boost from low interest rates caused by the Federal Reserve's stimulus efforts.
The chairman and CEO of Berkshire Hathaway Inc. addressed a variety of topics during an interview on CNBC on Monday.
He says there's no question that stock prices are higher than they would be otherwise, because interest rates are essentially zero.
Buffett says many money managers will be selling some investments when the Fed stops pumping extra money into the economy. He says it will be a "very interesting day" when it becomes clear the Fed has reversed direction.
Copyright 2015 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.