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.
Forgive me if I don’t believe you BoA, seeing as you’re underwater from quite a few bad bets (read: short selling) and your customers credit lines are squeezed to the brink…