Warren Buffett has said he would not want the responsibility of running the Federal Reserve as the U.S. dollar is the world's reserve currency.
Warren Buffett has warned of the impact that the U.S. dollar can have globally, as he discussed the current problems facing the Federal Reserve., the Berkshire Hathaway chairman said:"Well, if I were at the Fed, the thing I'd worry about always is, you know, you're the reserve currency of the world.
" He added:"I mean, so you've got very smart people, very sophisticated people, the American dollar looks like nothing could happen to it. I don't feel anything could happen to it. But if it does happen to it... I wouldn't want the responsibility of running the Fed."The U.S. dollar is the world's reserve currency, meaning governments and institutions hold it as their main foreign currency and use it for global trade and finance., and declined more than 10 percent between January 2025 and 2026, before regaining some strength in March.economy by setting interest rates and controlling the money supply to keep inflation stable and support employment. The Fed announced in March it would hold its benchmark interest rate steady at 3.5–3.75 percent, despite persistent calls from President Donald Trump to bring the rate down. The central bank is independent of the executive branch, though it is legally accountable to Congress. Trump wrote on Truth Social in March:"Where is the Federal Reserve Chairman, Jerome 'Too Late' Powell, today? He should be dropping interest rates, IMMEDIATELY, not waiting for the next meeting!" The Fed sets a two percent annual inflation target as a benchmark for price stability. This means the Fed aims for consumer prices to rise about two percent per year on average, which is considered low enough to maintain purchasing power but high enough to avoid deflation or falling prices. Buffett expressed concern about the central bank's long-standing inflation target."Well, I wish they had a zero inflation target," he said. Inflation currently sits at 2.4 percent as of February, and has been declining from 3 percent since September 2025. "But, I mean, once you start saying you're going to tolerate two percent, that compounds pretty dramatically over time. And you're saying to people, if you're getting less than two percent on your money, you're going backwards. And, actually, if you pay tax, you may pay tax on the two percent. You know, I mean, I don't like that particular goal," he said.
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