Bill Gates says he’s “certainly not an expert” on the “macroeconomic picture.” But the world’s richest tech guru and biggest philanthropist told CNBC: “I find, you know, [it’s] kind of amazing that interest rates have stayed so low for so long.”
That’s why stocks are so “expensive,” as Gates describes the soaring stock markets. The Federal Reserve is expected to be less amazing to Gates by the end of the week, raising interest rates for the first time in a year. Fed chairwoman Janet Yellen told Congress last month that the rate increase could “become appropriate relatively soon.”
