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Buffett says Bernanke best person to run Fed

OMAHA, Neb., May 2 (Reuters) - Warren Buffett, the chief executive of Berkshire Hathaway Inc BRKa.NBRKb.N, on Sunday praised Federal Reserve Chairman Ben Bernanke and his efforts to restore a U.S. economy that approached a "terminally ill" condition in the fall of 2008.

“There’s no one in the United States that I know of whom I would rather have running the Fed than Ben Bernanke,” Buffett said at a press conference.

Buffett said it will be tough for the central bank to wean the economy off the effects of unusually low interest rates.

“How long you keep feeding this medicine to an economy that was sick and an economy that was almost terminally ill is a tough question,” Buffett said. (Reporting by Svea Herbst-Bayliss and Jonathan Stempel;editing by Martin Golan)

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