Reported about 17 hours ago
Brian Moynihan, CEO of Bank of America, suggests the Federal Reserve must adapt its monetary policy in response to the new Trump's fiscal strategies. He indicated a shift in economic narrative due to a stronger US economy, despite the Fed's hesitation to commit to aggressive rate cuts. Moynihan expressed concerns over deficits and emphasized a call for rational capital requirements by the Trump administration as the banking sector shows promising performance.
Source: YAHOO