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Inflation Is 'exploding,' Buffett Tells CNBC



June 25, 2008 – Comments (3)

SAN FRANCISCO -- Inflation is "exploding" and the Federal Reserve should stress that fighting rising prices is a primary goal, Berkshire Hathaway Chairman Warren Buffett told CNBC on Wednesday. The Fed should be concerned about both inflation and economic growth, a tough thing to do, he 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." The Fed has to be very careful not to signal that inflation is a secondary concern and something that can be dealt with later, Buffett explained.

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3 Comments – Post Your Own

#1) On June 25, 2008 at 2:30 PM, Gemini846 (35.49) wrote:

Couldn't agree more. Buffet has no love for hedge fund bailouts.

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#2) On June 25, 2008 at 2:41 PM, abitare (29.90) wrote:

Nice job copying the the Copyright :). But you did not provide a link. :(

FYI - has more on Buffett today. 

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#3) On June 25, 2008 at 2:57 PM, kdakota630 (29.41) wrote:

Sorry about that.  I tried to find it for you but was unable.

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