Warren Buffett’s words tend to be ones to heed. So we’ve duly noted his comments on CNBC today, in an exclusive interview with the business news channel. Via MarketWatch:

The Fed should be concerned about both inflation and economic growth, a tough thing to do, [Buffett] explained. But inflation should be the Fed’s main concern right now, Buffett added. “Inflation is really picking up,” he said. “Whether it’s steel or oil… we see it every place. It’s exploding.”

Exploding inflation. Could that be the next buzz word in the financial markets?