Bank of America CEO: The Federal Reserve Will Cut Interest Rates in 2026

According to a report by Jinse Finance, Bank of America CEO Brian Moynihan stated: Our economists do not expect a recession. The U.S. economy is projected to grow by about 1% to 1.5% this year. He believes the Federal Reserve will not cut interest rates this year, as it will take longer for inflation to subside. He expects the Fed to lower rates in 2026.