Bank of America CEO: Expects the Federal Reserve to keep interest rates unchanged for the next two years

ChainCatcher news, according to Jinshi, Bank of America CEO Brian Moynihan stated on Tuesday that the bank expects the Federal Reserve to keep interest rates unchanged for the next two years.

He noted at a conference in Washington, "It will take years to deal with inflation, and the Federal Reserve's efforts to control inflation are likely to continue until 2026." The personal consumption expenditures (PCE) report on Friday is expected to show the Federal Reserve's progress in combating inflation.