【CEO of Bank of America: The Federal Reserve should cut interest rates as soon as possible, and the inflation rate has already declined】On August 13th, Brian Moynihan, CEO of Bank of America, said in an interview that with the slowdown in the economy and consumer spending tightening, the Federal Reserve should cut interest rates as soon as possible. Brian Moynihan said: The economy is slowing down, so we must be cautious because we have already achieved success in suppressing inflation, and the inflation rate has already declined. Although it has not yet reached the level people hoped for, we must be careful not to try to do too perfectly that it leads us into a recession. The executive said that Bank of America analysts do not predict a recession this year. Brian Moynihan added: They are telling people that the interest rate may not pump, but if they do not start cutting interest rates relatively quickly, it may undermine the confidence of American consumers.