Veteran investor Warren Buffett has told investors Ben Bernanke's interest rate policy has been "brutal" for holders of bonds and punishing to savers.
Buffett said the ultra low interest rate environment has been damaging to many investors as central banks force yields to historic lows. Speaking to CNBC after Berkshire Hathaway's AGM last weekend, Buffett (pictured) said: "I feel sorry for people that have clung to fixed-dollar investments. Bonds, they are terrible investments now." Buffett said investors holding short-dated US treasuries have suffered over the last nine months as Wall Street hit all-time highs. "It is brutal. I don't know what I would do if I were in that position." Buffett added Federal Reserve chief Ben Bernan...
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