ICYMI: BoA CEO says the FOMC has done enough tightening, its 'won the battle' on inflationComments from Bank of America CEO Moynihan on Thursday (US time), was speaking at a conference.
Says the Fed has tightening monetary policy enough, its 'won the battle' on inflation:
- US consumer spending is slowing
- growth in lending will be slower this quarter
- hiring is down, attrition declines
- credit quality remains very strong
This article was written by Eamonn Sheridan at www.forexlive.com.
Source: ICYMI: BoA CEO says the FOMC has done enough tightening, its 'won the battle' on inflation (https://www.forexlive.com/centralbank/icymi-boa-ceo-says-the-fomc-has-done-enough-tightening-its-won-the-battle-on-inflation-20230601/)
forexlive.com