The "Oracle of Omaha" Warren Buffett said on Monday that the economy is slowly improving, but as consumer spending remains low, so will job growth.
"It's getting better, but at a very, very slow rate," Buffett said. "The jobs will come back, but it won't be fast."
Buffett, the CEO of Berkshire Hathaway Inc. (NYSE: BRK.A) (NYSE: BRK.B) appeared on CNBC for three hours Monday morning, where he tackled a variety of topics from the economic recovery to health care reform. The billionaire investor also talked about the eventual successors at his company.
For the complete report: StreetInsider.com - Buffett Says U.S. Economic Recovery "Very, Very Slow"; Talks With CNBC for 3 Hours
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