Bank of America CEO Brian Moynihan recently urged the Federal Reserve not to go too hard on rate cuts, citing concerns about inflation and the economy. This comes as the Fed continues to weigh its options in response to rising interest rates and market volatility. While some economists have called for further rate cuts to stimulate economic growth, others argue that the risk of fueling inflation is too great.

Source: https://www.bloomberg.com/news/articles/2024-10-23/bank-of-america-ceo-urges-fed-to-not-go-too-hard-on-rate-cuts