This is a transcript and video clip of the first part of Warren Buffett's live interview this morning on Squawk on the Street with CNBC's Becky Quick, in which he talks about the Federal Reserve, the U.S. dollar, the economy, and how his retail businesses are doing this holiday season.
Buffett: As an investor, the Fed action today means nothing. We will buy a stock that we like today if the Fed raised rates or if they lowered them 50 basis points. We wouldn't sell anything based on it. It just isn't important to somebody that's going to own a business, or a part of a business through a stock, what the Fed does. If you were going to buy a farm today, if you were going to buy an apartment house today, and you looked at it as a good investment, you would not sit around, you know, on pins and needles, waiting to see what the Fed did.
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Buffett: As an investor, the Fed action today means nothing. We will buy a stock that we like today if the Fed raised rates or if they lowered them 50 basis points. We wouldn't sell anything based on it. It just isn't important to somebody that's going to own a business, or a part of a business through a stock, what the Fed does. If you were going to buy a farm today, if you were going to buy an apartment house today, and you looked at it as a good investment, you would not sit around, you know, on pins and needles, waiting to see what the Fed did.
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