Bank of America CEO Brian Moynihan says his researchers are not predicting an economic downturn 'anymore.'
A highly-dreaded U.S. recession is no longer in the works, according to Bank of America CEO Brian Moynihan. The nation's second-largest bank is not predicting an economic downturn 'anymore,' Moynihan told CBS' Margaret Brennan on 'Face the Nation' Sunday. 'Last year, this time, it was a recession,' he stated. 'This year we talked about now there's no recession.
It's not where people want it yet, but we've got to be careful that we don't try to get so perfect that we actually put us in recession,' he said, quickly adding that BofA does not believe that will occur.
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