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.
“there’s no way for us to make money on a recession right now, and it doesn’t seem to be swaying votes to the despot, so we have delayed the recession until after the election.”