Musk: Buffett is basically the Federal Reserve

2024-08-05 23:01:59

Collection

ChainCatcher news, X user @MorningBrew posted that Berkshire Hathaway CEO Warren Buffett sold $90 billion in stocks in the first half of the year, holding $277 billion in cash and owning more U.S. Treasuries than the Federal Reserve.

In response, Musk stated, "He is basically the Federal Reserve."

Source

Risk warning

2026-06-27 01:16

Federal Reserve's Kashkari: Expects one rate hike in 2026, with rates unchanged in 2027

2026-06-26 23:32

U.S. Treasury yields and the dollar decline, easing inflation concerns

2026-06-26 21:09

More economists predict that the Federal Reserve will raise interest rates rather than lower them

2026-06-26 18:46