@InvestingCanons
Warren Buffett: "Most of the time, the Fed is not that important. Occasionally, it's everything." Buffett explained: "The Fed is of enormous importance during a panic." When the markets experience a crises, the Fed is the only person who can "walk out like a sheriff in the street and say that this isn't going any further." But in normal markets, Buffett said "people tend to hang on to [the Fed's] every word. But we don't pay any attention to it." Rather than forecast interest rates, he focuses on business fundamentals. "If the Fed Chairman were to whisper to me what his monetary policy was going to be over the next two years, it wouldn't change one thing I do."