BofA’s Moynihan Predicts No Fed Rate Cuts Until 2025 #shorts #fed #powell #trump
Bank of America CEO Brian Moynihan is throwing cold water on hopes for an imminent Federal Reserve rate cut. In recent remarks, Moynihan stated he doesn’t anticipate the Fed will lower interest rates until sometime next year.
This prediction diverges from some market expectations that have been fluctuating with each new economic data release. Many are eager for rate cuts to stimulate economic growth, especially as the Presidential election looms.
Moynihan’s assessment suggests he believes the Fed will remain cautious, prioritizing its battle against inflation and waiting for more conclusive evidence that price pressures are truly under control. This position aligns with recent hawkish commentary from Fed Chair Jerome Powell, who has repeatedly emphasized the need for further data before considering a change in policy.
The potential implications of a prolonged period of high interest rates are significant. It could dampen consumer spending, impact business investment, and even influence the upcoming election cycle, particularly if economic growth slows. The policies proposed by former President Trump could also be impacted by the Fed’s stance.
This prediction is just one viewpoint, but given the size and influence of Bank of America, Moynihan’s perspective carries weight in the financial world.
Key Takeaways:
BofA CEO Brian Moynihan expects no Fed rate cuts until 2025.
This contrasts with some market expectations for earlier cuts.
The Fed is likely to remain focused on inflation control.
High interest rates could impact the economy and the 2024 election.
So stop lying about inflation and job creation because it has nothing to do why why the fed refuses to cut this is highway robbery the fed is causing the inflation
systemic theft through inflation is the ponzi scheeme that the rich use to steal from the poor, because it's the street level vendors, competing with each other that are the last to raise prices, and usually have the fewest dollars in hedging assets or commodities. Ephesians 4:14; "in order that we may be no longer babes, tossed and carried by every wind of that teaching which is in the sleight of men, in unprincipled cunning with a view to systematised error."
Referring to the Federal Reserve as “independent” while allowing the president to appoint its chair raises legitimate questions about the true nature of that independence.
Until CPI drops significantly for the bottom 80% of population first and foremost, interest rate cuts could easily accelerate stagflation and possibly long-term stagflation.
Interest rates were at 5000 year lows in 2021-2022. Lowering short term rates will boomerang ; instead of lowering long term rates . It will cause a panic among long term holders
Good advise. That’s fact. Trump can’t get ride Jerome Powel until his term it’s over. Trump just can not get everybody he don’t like. Powel love his jobs. He won’t step down.
Congress and the Supreme Court were supposed to balance the powers of the Presidency, you're overlooking that part.
America is a corporation owned by private shareholders.
5% are average historical rates. Once again USA inflates savers/retirement savings away.
It's obvious that Moynihan wants interest rates to stay high — the higher the rates, the more IORB income BOFA earns!
Higher rates to fund more war
So stop lying about inflation and job creation because it has nothing to do why why the fed refuses to cut this is highway robbery the fed is causing the inflation
systemic theft through inflation is the ponzi scheeme that the rich use to steal from the poor, because it's the street level vendors, competing with each other that are the last to raise prices, and usually have the fewest dollars in hedging assets or commodities. Ephesians 4:14; "in order that we may be no longer babes, tossed and carried by every wind of that teaching which is in the sleight of men, in unprincipled cunning with a view to systematised error."
Referring to the Federal Reserve as “independent” while allowing the president to appoint its chair raises legitimate questions about the true nature of that independence.
I’d rather hear the opinion of an unbiased expert than that of a bank CEO
Until CPI drops significantly for the bottom 80% of population first and foremost, interest rate cuts could easily accelerate stagflation and possibly long-term stagflation.
Has BoA fully repented and is in good conscious enough to comment on government financial policy now?
I would like to see this discussion also include a discussion on the maturing 1 year treasury wall and the way the Fed is likely to respond.
Here yet another lawyer knows better about interest rates just like Powell. God helps us with lawyers running our economy.
The bankers set up our central bank to be independent not the people. The institution serves their interests.
Interest rates were at 5000 year lows in 2021-2022.
Lowering short term rates will boomerang ; instead of lowering long term rates . It will cause a panic among long term holders
Good advise. That’s fact. Trump can’t get ride Jerome Powel until his term it’s over. Trump just can not get everybody he don’t like. Powel love his jobs. He won’t step down.
How can we pass a law that no President, under any situation, can appoint a Federal Reserve Chairman for more than 14 years?