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Bank of America CEO Advocates for Independent Fed Amid Growth Concerns

12/28/2025

Summary

Story summary

Brian Moynihan, chief executive officer of Bank of America, urged an independent Federal Reserve, saying its decisions influence banking and market stability.
He cited holiday spending rising 4-4.5% across income levels, despite inflation concerns.
Moynihan projected 2.4% U.S. growth for 2026 and warned of risks such as consumer disengagement and geopolitical tensions.
He also discussed small-business challenges—rising interest rates and labor shortages—and noted artificial intelligence can boost banking efficiency.

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Story summary

Brian Moynihan, chief executive officer of Bank of America, urged an independent Federal Reserve, saying its decisions influence banking and market stability.
He cited holiday spending rising 4-4.5% across income levels, despite inflation concerns.
Moynihan projected 2.4% U.S. growth for 2026 and warned of risks such as consumer disengagement and geopolitical tensions.
He also discussed small-business challenges—rising interest rates and labor shortages—and noted artificial intelligence can boost banking efficiency.