Bank of America CEO says strong consumption would pose central bank challenges.
M2 EQUITYBITES-July 28, 2022--Bank of America CEO says strong consumption would pose central bank challenges
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Global Banking News - 28 July 2022
The CEO of Bank of America Corp (NYSE: BAC) has opined that strong consumption in the US would pose a challenge to the central bank's efforts to clamp down on inflation.
Bank of America Corp CEO Brian Moynihan was talking to CNBC when he made the comment. The CEO said that the American consumer has not cut down much on consumption, posing a challenge to the Federal Reserve's mission to...
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