The CEO of Bank of America, Brian Moynihan, said that the financial giant no longer believes a recession is on the horizon for the American economy, hinting that the Biden administration and Federal Reserve have achieved a ‘soft landing’ after inflation troubles in recent years,” The Hill reports.

  • OsaErisXero@kbin.run
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    11 months ago

    The president usually doesn’t affect monetary policy.

    Emphasis added. We have been well outside of norms since the end of the Obama presidency.