BUCKING THE TREND: BOA CEO touts 'relatively strong' consumer strength despite recession woes
So the Fed's toughest job is that the consumer is relatively strong at the work of the last administration, this administration to give consumers money to spackle over, to take care of the issues caused by the pandemic is it still in the accounts, and that's going to make the Fed's job tougher as we look for it. But right now, the consumer continues to have money in accounts,
and also has the ability to borrow under lines of credit and things like that. And that's good news. Unfortunately, that makes the Fed's job very tough.
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