Warren Buffett on Fed, IBM, His First Tweet

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Warren Buffett on the Fed, IBM, and His First Tweet
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CNBC

Billionaire investor Warren Buffett told CNBC that if the Federal Reserve were to increase its massive bond-buying program that would be "pretty extraordinary."

In an interview that aired on " Squawk Box " Friday, the Berkshire Hathaway (BRK-A) chairman and CEO said, "Basically [the Fed] is buying the debt we're creating and to go beyond that is an awfully big number."

(Watch Video: Buffett With Becky Quick)

After their latest meeting, Fed policymakers said Wednesday that interest rates will remain at historically low levels, while the central bank will not alter its $85 billion a month asset-purchasing program known as quantitative easing .

(Read More: CNBC Explains Quantitative Easing )

There was one notable change in the language used in the statement from the Fed-a declaration that it would increase or decrease the pace of its asset purchases depending on economic conditions.

Buffett said he thought that Fed Chairman Ben Bernanke "feels he needs a little help from elsewhere." In the past, Bernanke has urged Washington to reach a deal to reduce the nation's debt burden.

"But the economy is improving," Buffett stressed, "not [at] a very rapid clip, but this country has done well since 2008, certainly compared to much of the world."

It's going to be a big weekend for the so-called Oracle of Omaha. Tens of thousands of the faithful will make the yearly pilgrimage to Berkshire's hometown in Nebraska for the company's shareholder weekend-highlighted by Buffett fielding questions at Saturday's annual meeting.

(Read More: Berkshire Size, Buffett Age Cloud Annual Gathering )

Buffett's stock holdings are always in focus, and he talked about his stake in International Business Machines (IBM) with CNBC. "I didn't buy more. I didn't sell any ... I won't be a seller of IBM. I may be a buyer from time to time." He revealed, "I think we may have added a little bit this year in the first quarter. I'm pretty sure we have." ( See Berkshire Hathaway's 15 biggest stock holdings. )

Meanwhile, the self-proclaimed, tech-phobic Buffett also made big news this week when he joined Twitter. His first tweet from @WarrenBuffett read, "Warren is in the house."

(Read More: @WarrenBuffett Joins Twitter-He's 'in the House' )

Not surprisingly, he quickly attracted a big following. And as of Friday morning with only two tweets sent, he had over a quarter million followers.

Buffett sent his inaugural tweet during a live streaming video interview with Fortune to promote his editorial in the magazine.

Describing his Twitter experience so far to CNBC: "It's a terrific distribution medium. So I was very happy to go on to Twitter. Nothing bad has happened to me yet, either. I may try a cellphone one of these days."

(Programming note: Warren Buffett will be live with Becky Quick for three hours on Monday's "Squawk Box" from 6 a.m. ET to 9 a.m. ET. Microsoft (MSFT)'s Bill Gates will join the conversation during the third hour.)

-By CNBC's Becky Quick and Matthew J. Belvedere . Follow them on Twitter at @beckyquickcnbc and @Matt_SquawkCNBC.


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