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CBS Money Watch · Dec 28, 2025 4:08 PM EST FinanceMacro

Bank of America CEO warns market "will punish people" without independent Fed

Bank of America Chairman and CEO Brian Moynihan stated last week that, as President Trump seeks a new chair of the Federal Reserve, maintaining the banking system's independence is paramount.

Bank of America CEO warns market "will punish people" without independent Fed
Image CBS Money Watch

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2 reports over 1 day
  1. CBS Money Watch You're reading this Bank of America CEO warns market "will punish people" without independent Fed Bearish −37
  2. CBS News CEO of major bank warns stock market will punish Americans if Federal Reserve isn't independent Strong bearish −46

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