Warren Buffett said he remains convinced that nothing can stop the United States and that America will recover from the Covid-19 pandemic -- just as it did following other crises of the past century
New York .
But the billionaire Berkshire Hathaway CEO disclosed Saturday that Berkshire Hathaway recently sold its entire stakes in the four airline stocks that company had owned, calling it a mistake to invest in the industry.Berkshire Hathaway revealed in early April that it trimmed its stakes in Delta and Southwest .
Warren Buffett gives his take on the future of Apple 00:34Buffett also lavished praise on Federal Reserve chair Jerome Powell for the actions the central bank has taken since March -- cutting rates to zero and launching several lending programs for consumers, businesses and municipalities -- to help support the economy.Buffett conceded that these moves could eventually lead to problems down the road because of the swelling of the size of the Fed's balance sheet.
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