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CBS NEWS INTERVIEW: BANK OF AMERICA CEO BRIAN MOYNIHAN URGES FED TO CUT INTEREST RATES IN SEPTEMBER
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Manage episode 433694174 series 3379882
Content provided by CBS News Radio. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by CBS News Radio or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
In a week with high turbulence in in the U.S. economy and jitters in the markets, Bank of America CEO Brian Moynihan urged the Federal Reserve to cut interest rates to ease pressure on American consumers. "They've got to be more careful than the downside of not starting to move down rates to restore a feeling that, you know, there's light at the end of the tunnel," he said in an interview on "Face the Nation with Margaret Brennan." "They've told people rates probably aren't going to go up, but if they don't start taking them down relatively soon, you could dispirit the American consumer."
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22 episodes
MP3•Episode home
Manage episode 433694174 series 3379882
Content provided by CBS News Radio. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by CBS News Radio or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
In a week with high turbulence in in the U.S. economy and jitters in the markets, Bank of America CEO Brian Moynihan urged the Federal Reserve to cut interest rates to ease pressure on American consumers. "They've got to be more careful than the downside of not starting to move down rates to restore a feeling that, you know, there's light at the end of the tunnel," he said in an interview on "Face the Nation with Margaret Brennan." "They've told people rates probably aren't going to go up, but if they don't start taking them down relatively soon, you could dispirit the American consumer."
…
continue reading
22 episodes
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