Insight - Warren Buffett sees a ‘red hot’ economy with creeping inflation

Buffett (file pic) attributed the faster-than-expected recovery to swift and decisive rescue measures by the Federal Reserve and US government, which helped kick 85% of the economy into “super high gear, ”

WARREN Buffett delivered a clear verdict Saturday on the state of the US economy as it emerges from the pandemic: red hot.

“It’s almost a buying frenzy, ” the Berkshire Hathaway Inc chief executive officer said during the conglomerate’s annual meeting, which was held virtually from Los Angeles. “People have money in their pocket and they’re paying higher prices, ” he said.