Bank of America CEO on Fed easing: Why 'higher for longer' makes sense – Yahoo Finance
DAVOS, Switzerland — Bank of America (BAC) CEO Brian Moynihan is pushing back on the view held by some investors that the Federal Reserve will slash interest rates in 2023 to jumpstart a potential recessionary U.S. economy."They may leave [rates] higher for longer just to make sure they squeeze out that services-side inflation," Moynihan told … Read more