Bank of America CEO: US economy will normalize in 2023

Bank of America CEO: US economy will normalize in 2023

1/22/2022 12:30:00 AM

Bank of America CEO: US economy will normalize in 2023

Bank of America CEO Brian Moynihan predicted the economy could grow by 4% in 2022 and said that it's the Fed's 'job' to bring it back to pre-pandemic levels.

n.a."For the U.S. economy for next year, that's normalizing the activity, which is important to stop this potential speculative aspects and things that go on when money is too loose," he noted.Bank of America CEO Brian Moynihan speaks with Secretary John Kerry on June 10, 2021.

(Chris Jackson - WPA Pool/Getty Images)Amid looming policy changes, Moynihan said banks will serve as a "source of strength" for clients."We'll be around. The story changes, regulations change," Moynihan explained. "We adapt to them. It's what we in the industry have to do."

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This man is a joke. He blames the labor shortages on a sharp decline in population growth over the last decade. Does he even know what A decade is. Let me know when 10-year-olds go to work at Banks, although I'm sure he would enjoy the slave labor. I love how people word things. What is normal? Does he mean stabilize? Is stability good? A state of poverty can be stable. When will the economy be good? The government could be taking steps to reduce inflation but they aren’t.

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n.a. n.a. "For the U.S. economy for next year, that's normalizing the activity, which is important to stop this potential speculative aspects and things that go on when money is too loose," he noted. Bank of America CEO Brian Moynihan speaks with Secretary John Kerry on June 10, 2021. (Chris Jackson - WPA Pool/Getty Images) Amid looming policy changes, Moynihan said banks will serve as a "source of strength" for clients. "We'll be around. The story changes, regulations change," Moynihan explained. "We adapt to them. It's what we in the industry have to do." "I think people have to remember, no matter what the debate is about incremental changes and things like that, the core banking system of the United States is a pillar of strength," he continued.