*Walter Bloomberg
@DeItaone
Joined August 2014
39 Following 1.8M Followers
BOFA CEO DISMISSES RECESSION FEARS
Bank of America CEO Brian Moynihan said higher interest rates are not a sign of recession but reflect a resilient U.S. economy and the Fed's effort to control inflation.
Despite BofA forecasting three Fed rate hikes, Moynihan expects economic growth to remain strong while inflation gradually eases.
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