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Warren Buffett: Trump’s nomination of Walsh for Federal Reserve Chair is the "right choice"

2 hours ago

According to CNBC, Warren Buffett has stated that new Federal Reserve Chair Kevin Warsh is the "right person" for the role. "I think he will do his utmost to fulfill his assigned tasks: achieving the 2% inflation target and maintaining full employment," Buffett said. "He can't be perfect, just as I know I can't be perfect when managing other people's money and generating excess returns." Buffett added: "He has the nation's interests at heart, and I believe many Federal Reserve officials do. That doesn't mean their decisions are always perfect, but sometimes these decisions are extremely difficult."

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South Korea's KOSPI index plunged 6% intraday.

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