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Bank of America CEO: Federal Reserve should cut interest rates as soon as possible, inflation has fallen

On August 13, Brian Moynihan, CEO of Bank of America, said in an interview that as the economy slows and consumers tighten spending, the Federal Reserve should cut interest rates as soon as possible. Brian Moynihan said: The economy is slowing, so we have to be careful because we have won the fight against inflation, and inflation has come down. Although it has not come down to the level that people hope, we must be careful not to try to do it too perfectly that it will bring us into a recession...

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2024-08-13 08:31:16
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