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Bank of America CEO: The Federal Reserve is winning the war on inflation

April 17, 2024

Via: Yahoo

The battle against inflation is being won by the Fed — even if it doesn’t appear that way to Mr. Market right now.

“The reality is that they [the Fed] have got to win the war on inflation, and they are winning, and it’s coming down. They have got it on the right trend,” Bank of America chairman and CEO Brian Moynihan told Yahoo Finance.

Added Moynihan, “The past would tell you it would take a longer period of time, especially when they started late.”

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