[Buffett: If I Were the Fed Chair, I Would Focus on Inflation and the Stability of the Banking System] BlockBeats News, March 31, Buffett stated that if he were the Federal Reserve Chair, he would focus on inflation and the stability of the banking system. However, he is uncertain whether he would lower interest rates if he were at the Fed. When asked if he was concerned about shadow banking or private credit, Buffett said that problems could potentially spread from one part of the banking system to another.