Associated Press: Bank of America CEO lament that the people are suffering, but the elite is talking about whether the economy declines

China Well -off. August 18th. The CEO of the Bank of America, the Bank of America, said that the recent debate on whether the US economy was in the recession did not grasp the key points. It is important that the current economic situation is negatively impact on the most vulnerable people.

Bank of America CEO Brian Moichanham

The Associated Press AP reported, "Turn is a word. It is not important whether we are in economic recession. This is the feeling of people going through all of this," Brene Moichanham in Manhattan in the United States of America in Manhattan is interviewed. Tell the Associated Press when he talked about inflation and current economic conditions and the economic health of American consumers.

Entering the mid -2022 election, the problem of whether the US economy has fallen into decline has been politicized. Although the inflation rate is at the highest level since the early 1980s and the confidence of American consumer confidence is declining, other economic indicators (such as monthly employment reports) are still strong. In order to cope with high consumption and wholesale prices, the Fed has been actively raising interest rates, hoping to suppress inflation without causing too much economic losses.

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