BlockBeats News, July 16th, according to CNBC report, Warren Buffett stated that the new Federal Reserve Chair, Kevin Wash, is the "right person for the job." "I believe he will do his utmost to fulfill his mandate, which is to achieve a 2% inflation rate and maintain full employment."

"He cannot achieve perfection, just like I know I cannot achieve perfection in managing other people's money and earning excess returns." Buffett said, "He cares about the country, and I believe many Federal Reserve officials do too. This does not mean that their decisions are always perfect, but sometimes these decisions are indeed extremely difficult."