Reported about 15 hours ago
At the 2025 World Economic Forum, Bank of America CEO Brian Moynihan discussed with Yahoo Finance the potential effects of President Trump's proposed tariffs on inflation and the economy. He noted that a tariff rise between 10% to 15% might not greatly impact inflation, but higher tariffs could introduce inflationary pressures. Moynihan emphasized the need for the Federal Reserve to adapt its monetary policy to the new fiscal policies of the administration.
Source: YAHOO