Warren Buffett (Trades, Portfolio) has made it no secret that he gives the Federal Reserve tremendous credit for averting and even worse crisis in 2008.
He does admit though that ultra-low interest rates have decimated the incomes of retirees.
When asked whether the U.S. economy is a phony economy created by easy money policy, Buffett says no. He goes on to share his current views on the economy and the political environment.
Also check out:
