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Bank of America’s Moynihan on US Consumers, Fed Policy and AI

DeFi Daily News by DeFi Daily News
July 16, 2025
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Bank of America Chair and CEO Brian Moynihan discusses the state of the US consumer, Federal Reserve monetary policy and the bank’s second-quarter earnings. Speaking with David Westin on Bloomberg Television, Moynihan also discusses the bank’s utilization of artificial intelligence. Bank of America’s traders posted a record second quarter as revenue from fixed income, currencies and commodities trading jumped 19% to $3.25 billion in the three months through June.

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Tags: aiAmericasartificial intelligenceBankbank earningsBank of AmericaBank of America Corp.BankingbanksBrian MoynihanconsumersCredit cardsDavid WestinDonald TrumpEarningsEconomyfedFederal Reservefinanceinterest ratesInvestment Bankingjay powelljerome powellLendingloansMarketsMoynihannet interest incomeNIIpolicyPowellRate Cutrate cutsratesTradingTrump
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