Reported 2 months 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