Bank of America CEO Warns Federal Reserve to Monitor Trump Administration

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

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