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Spotlight on Buffett’s Annual Letter

Bloomberg Businessweek

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Is the Fed Going to Get to 6.5?

How high does the Fed have to go? That's like the million dollar question. Some people think that 5.5, I mean, think about where we were about a year ago at zero,. So I think that's why they stepped down from 50 to 25. And of course, they've gone from 75 to 50 that I don't know. If they get to 5.5 and stay there for a year, that may not be enough to keep the dollar stronger relative to its global peers.

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