Buffett: Warsh as Fed Chair Is a "Good Choice"
N.R. Finch
Why does Buffett back Warsh?
Buffett said on CNBC's *Squawk Box* that Warsh as Fed chair is a "good choice."
His reasoning was straightforward: Warsh "cares about the country" and will try to deliver the Fed's dual mandate — 2% inflation and maximum employment.
But Buffett added a qualifier: most Fed chairs have cared about the country, and that doesn't mean every decision turns out right.
What does the "nobody's perfect" line really mean?
Buffett volunteered an analogy about himself: "I can't perfectly manage money and generate excess returns either."
This means → his endorsement of Warsh is qualified, not unconditional.
In plain terms = Buffett is saying: good pick, but the problems a Fed chair faces are hard enough that no one will get every call right.
What has Warsh done since taking office?
Warsh was nominated by Trump, confirmed by Congress in May, and held rates steady at his first meeting in June.
On Tuesday he testified before Congress, pledging a policy "shift" and a commitment to fighting inflation.
Wednesday he heads to the Senate Banking Committee for another hearing. This means → markets are using this testimony window to gauge whether the Fed's next move is a hike or a cut.
Content is for reference only, not financial advice.