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CBS News · Dec 29, 2025 4:11 PM EST FinanceMacroMarkets

CEO of major bank warns stock market will punish Americans if Federal Reserve isn't independent

Bank of America Chairman and CEO Brian Moynihan spoke with "Face The Nation" moderator Margaret Brennan ahead of President Trump's move to replace Jerome Powell with a new chair of the Federal Reserve. CBS News contributor Javier David has more.

CEO of major bank warns stock market will punish Americans if Federal Reserve isn't independent
Image CBS News

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