Warren Buffett discusses the banking crisis with Biden officials ahead of the Fed meeting


Warren Buffett, the billionaire investor and chairman of Berkshire Hathaway, recently had a meeting with White House and Treasury Department officials to discuss the banking crisis. Buffett reportedly discussed the current state of the banking system and ways to strengthen the industry, as well as the effects of the pandemic on the economy.

The meeting comes ahead of the Federal Reserve’s next meeting, which is expected to take place later this month. In the meeting, the administration reportedly asked Buffett to weigh in on the banking crisis and the need for increased regulation of the industry. The meeting reportedly included Secretary of the Treasury Janet Yellen, White House Chief of Staff Ron Klain, and other senior administration officials. It is unclear what Buffett’s advice was, but he is known to be an advocate of strong banking regulations.