Shows & Panels
- Accelerate and Streamline for Better Customer Service
- Ask the CIO
- The Big Data Dilemma
- Carrying On with Continuity of Operations
- Client Virtualization Solutions
- Data Protection in a Virtual World
- Expert Voices
- Federal Executive Forum
- Federal IT Challenge
- Federal Tech Talk
- Feds in the Cloud
- Health IT: A Policy Change Agent
- IT Innovation in the New Era of Government
- Making Dollars And Sense Out of Data Center Consolidation
- Navigating the Private Cloud
- One Step to the Cloud, Two Steps Toward Innovation
- Path to FDCCI Compliance
- Take Command of Your Mobility Initiative
Shows & Panels
Buffett: Low interest rates have boosted stocks
Monday - 3/4/2013, 11:50am EST
AP Business Writer
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 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.