Bank of America CEO Warns of Market Risks Amid Trade De-Escalation and Fed Independence Concerns
TL;DR Summary
Bank of America CEO Brian Moynihan states that the trade war is de-escalating, with tariffs settling around 15% for many countries, except for China and USMCA trade, which remain complex due to security and policy issues. The overall trade tensions are easing, providing clearer rules for businesses, though concerns about labor and immigration persist for smaller firms.
- The trade war is de-escalating and settling around 15% tariffs, Bank of America's CEO says Business Insider
- Bank of America CEO says the market "will punish people if we don't have an independent Fed" CBS News
- Bank of America’s Moynihan Sees Trump’s Tariffs Starting to De-Escalate Bloomberg.com
- Market ‘Will Punish People’ If Trump Influences Federal Reserve, Bank Of America CEO Warns Forbes
- 'We've gotten out of whack' by fixating so much on Fed rates, but the loss of its independence will be punished, BofA CEO Brian Moynihan says Fortune
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