Warren Buffett praised Kevin Warsh's appointment as Federal Reserve Chairman during an interview on CNBC, calling it a 'good choice.' Warsh, who took office in May after being nominated by President Donald Trump, held rates steady in his first meeting and indicated a shift in the Fed's policy approach.
In his Congressional testimony, Warsh emphasized a 'regime change' in Fed policy aimed at controlling inflation while ensuring maximum employment. Buffett expressed confidence in Warsh's dedication to his role, acknowledging the challenges inherent in achieving the Fed's dual mandate of 2% inflation and full employment.
He noted that while Warsh may not be perfect, his intentions are aligned with the country's best interests. Warsh is scheduled to testify again before the Senate Banking Committee, which could further clarify his policy direction and impact market expectations