Moynihan spoke with CNBC ahead of the Consumer Bankers Association's annual conference.
Bank of America CEO Brian Moynihan said the U.S. economy is strong and growing, rebuffing suggestions that the Federal Reserve needs to cut interest rates.
Moynihan spoke with CNBC ahead of his speech at the Consumer Bankers Association's annual conference. The 100-year old Washington D.C-based group represents the nation's big retail lenders. "I don't think we need to juice it," Moynihan said, referring to the economy."We're at a 2 percent plus growth economy, we've got low unemployment, and wages are growing faster than people think, and people are spending."
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