By Jonathan Davies

Billionaire investor Warren Buffett has said he wouldn't raise interest rates in the US if he was in charge of the Federal Reserve.

Interest rates in the US have been at the record low of 0% since the financial crisis, meaning banks and businesses don't have to pay interest on loans.

But with growing signs that the US economy is consistently recovering, there are calls for interest rates to be increased, much like the situation in the UK in 2014.

But Mr Buffett, who is regarded as one of the world's greatest investors, said that "things are working pretty well" and raising interest rates would "would throw a big monkey wrench into things".

The 84-year old, whose comapny Berkshire Hathaway owns around 70 businesses, said he does not factor in interest rates when making a decision on investments.

"If Janet Yellen [chair of the Federal Reserve] came up and whispered in my ear what she was going to do for the next two years, it wouldn't make any difference to what we do."

He added: "We don't want to get out of the game based on what we think somebody might do."