The U.S. economy, driven by its consumers, is in ‘pretty good shape,’ despite swirling fears of a recession brought on by higher interest rates, Bank of America CEO Brian Moynihan told Reuters at Davos
"The consumers are spending, their wages are growing and frankly, there's still a lot of stimulus," Moynihan told Reuters in an interview in the ski resort of Davos, Switzerland.
Moynihan and other business executives met with a group of U.S. Congressional leaders in Davos, he said, without specifying the participants.People ride escalator at Saks Fifth Avenue in New York City, U.S., December 4, 2022. REUTERS/Jeenah Moon“It was bipartisan, and it’s good to see them here,” he said.
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