Special topic: Buffett's 2024 shareholders 'meeting hits heavily

On May 4, 2024 local time, at Berkshire Hathaway's shareholders 'meeting, Warren Buffett praisedbestroulettebonusThis reflects the work of Federal Reserve Chairman Jerome Powell in guiding the economy over the past few years.

Buffett called Powell a "very smart person." But he pointed out that the Fed needs help from lawmakers to control the growing U.S. deficit.

Buffett said Powell "does not control fiscal policy and makes disguised requests from time to time... If we have this kind of thing, that's the trouble."