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EPHOTO WIRE: Warren Buffett, CEO of Berkshire Hathaway Inc., speaks with a reporter in the Exhibit Hall at the company's annual meeting in Omaha, Nebraska, USA, May 5, 2018. REUTERS / Rick Wilking
(Reuters) – Warren Buffett said he did not think current economic conditions for fiscal and monetary policy could coexist with "very low inflation rates" over time.
"I do not think that our current conditions can exist in terms of fiscal and monetary policy and various other elements of the political landscape; I do not think they can coexist with very low inflation rates over time, "Buffett told CNBC in an interview.
"But I've been wrong for quite some time," Buffett said, adding that he found no better person at the head of the US Federal Reserve than President Jerome Powell.
Report of Kanishka Singh in Bengaluru; Edited by Nick Zieminski
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