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Exclusive: Bank of America CEO bullish on economy powered by spending
Affordability pain is real, but resilient consumers are still infusing money into the economy, Brian Moynihan , CEO of Bank of America, said at the Axios House News Shapers summit in Washington, D.C. Why it matters: The U.S. economy sits on a remarkably durable foundation , supporting consumer spending even with hot inflation. But at the same time, Americans tell pollsters economic conditions is at rock bottom, fueling a political reckoning over affordability. "There's a say-do paradox," Moynih…
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