Warren Buffett: A fan of Bernanke, MBS purchases
One of the nation’s most renowned investors Warren Buffett remains a fan of Ben Bernanke and his moves to boost the economy through low interest rates and quantitative easing in the form of mortgage-bond purchases and Treasury acquisitions.
The Los Angeles Times published an article in which Buffett heralds Bernanke’s “gutsy” moves to boost growth. Buffett also shirks the idea that recent highs in the stock market could signal an over bullish market.
The investments guru says the economy is improving at a slow pace and the housing recovery continues to lift overall economic growth.