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Warren Buffett: Fed "resurrected" U.S. economy through stimulus Updated: 2021-05-02 10:00:52 KST

Legendary investor Warren Buffett says the American economy has been "resurrected" from the lows of the pandemic "in an extraordinarily effective way," and he says it's the stimulus that "did the job."
He was speaking Saturday at the annual shareholders meeting for his company Berkshire Hathaway.
Buffett said 85 percent of the American economy is in "super high gear."
As far as his own investments are concerned, he conceded that it was likely a mistake for Berkshire to have sold some of its shares in Apple last year, and he praised the company's products and leadership.
And having sold his airline stocks early in the pandemic, Buffett said he still doesn't want to own them directly, but is keeping his exposure to the industry through other holdings.
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