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3 weeks ago

BofA CEO Brian Moynihan dismisses recession fears despite Wall Street's most hawkish Fed forecast

While Wall Street prepares for the prospect of a more aggressive Federal Reserve, Bank of America CEO Brian Moynihan has a reassuring message for anxious investors.Despite Bank of America's issuing the most hawkish forecast on Wall Street — predicting three interest rate hikes under Federal Reserve Chair Kevin Warsh — Moynihan insists a recession is nowhere in sight."The [U.S.] president thought it was going to be rate cuts. Now we're talking about rate hikes. Will that lead us into a recession?" FOX Business’ Maria Bartiromo asked Moynihan on the New York Stock Exchange floor Wednesday.SUPREM...