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BofA CEO: Struggling Americans feel they are in a recession

Brian Moynihan, CEO of Bank of America, is photographed at the Bank of America Tower, Wednesday, Aug. 17, 2022, in the Manhattan borough of New York. Moynihan, said that recent quibbling over whether the U.S. economy is technically in a recession or not is missing the point. What matters is that current economic conditions are negatively impacting those who are most vulnerable.(AP Photo/John Minchillo) Brian Moynihan, CEO of Bank of America, is photographed during an interview at the Bank of America Tower, Wednesday, Aug. 17, 2022, in the Manhattan borough of New York. Moynihan, said that recent quibbling over whether the U.S. economy is technically in a recession or not is missing the point. What matters is that current economic conditions are negatively impacting those who are most vulnerable.(AP Photo/John Minchillo) Brian Moynihan, CEO of Bank of America, is photographed at the Bank of America Tower, Wednesday, Aug. 17, 2022, in the Manhattan borough of New York. Moynihan, said that recent quibbling over whether the U.S. economy is technically in a recession or not is missing the point. What matters is that current economic conditions are negatively impacting those who are most vulnerable.(AP Photo/John Minchillo) Brian Moynihan, CEO of Bank of America, is photographed during an interview at the Bank of America Tower, Wednesday, Aug. 17, 2022, in the Manhattan borough of New York. Moynihan, said that recent quibbling over whether the U.S. economy is technically in a recession or not is missing the point. What matters is that current economic conditions are negatively impacting those who are most vulnerable.(AP Photo/John Minchillo) Brian Moynihan, CEO of Bank of America, is photographed at the Bank of America Tower, Wednesday, Aug. 17, 2022, in the Manhattan borough of New York. Moynihan, said that recent quibbling over whether the U.S. economy is technically in a recession or not is missing the point. What matters is that current economic conditions are negatively impacting those who are most vulnerable.(AP Photo/John Minchillo) Brian Moynihan, CEO of Bank of America, is photographed at the Bank of America Tower, Wednesday, Aug. 17, 2022, in the Manhattan borough of New York. Moynihan, said that recent quibbling over whether the U.S. economy is technically in a recession or not is missing the point. What matters is that current economic conditions are negatively impacting those who are most vulnerable.(AP Photo/John Minchillo) Brian Moynihan, CEO of Bank of America, is photographed during an interview at the Bank of America Tower, Wednesday, Aug. 17, 2022, in the Manhattan borough of New York. Moynihan, said that recent quibbling over whether the U.S. economy is technically in a recession or not is missing the point. What matters is that current economic conditions are negatively impacting those who are most vulnerable.(AP Photo/John Minchillo) Brian Moynihan, CEO of Bank of America, is photographed at the Bank of America Tower, Wednesday, Aug. 17, 2022, in the Manhattan borough of New York. Moynihan, said that recent quibbling over whether the U.S. economy is technically in a recession or not is missing the point. What matters is that current economic conditions are negatively impacting those who are most vulnerable.(AP Photo/John Minchillo) Brian Moynihan, CEO of Bank of America, is photographed during an interview at the Bank of America Tower, Wednesday, Aug. 17, 2022, in the Manhattan borough of New York. Moynihan, said that recent quibbling over whether the U.S. economy is technically in a recession or not is missing the point. What matters is that current economic conditions are negatively impacting those who are most vulnerable.(AP Photo/John Minchillo) Brian Moynihan, CEO of Bank of America, is photographed at the Bank of America Tower, Wednesday, Aug. 17, 2022, in the Manhattan borough of New York. Moynihan, said that recent quibbling over whether the U.S. economy is technically in a recession or not is missing the point. What matters is that current economic conditions are negatively impacting those who are most vulnerable.(AP Photo/John Minchillo) Brian Moynihan, CEO of Bank of America, is photographed at the Bank of America Tower, Wednesday, Aug. 17, 2022, in the Manhattan borough of New York. Moynihan, said that recent quibbling over whether the U.S. economy is technically in a recession or not is missing the point. What matters is that current economic conditions are negatively impacting those who are most vulnerable.(AP Photo/John Minchillo) Brian Moynihan, CEO of Bank of America, is photographed during an interview at the Bank of America Tower, Wednesday, Aug. 17, 2022, in the Manhattan borough of New York. Moynihan, said that recent quibbling over whether the U.S. economy is technically in a recession or not is missing the point. What matters is that current economic conditions are negatively impacting those who are most vulnerable.(AP Photo/John Minchillo) Brian Moynihan, CEO of Bank of America, is photographed at the Bank of America Tower, Wednesday, Aug. 17, 2022, in the Manhattan borough of New York. Moynihan, said that recent quibbling over whether the U.S. economy is technically in a recession or not is missing the point. What matters is that current economic conditions are negatively impacting those who are most vulnerable.(AP Photo/John Minchillo) Brian Moynihan, CEO of Bank of America, is photographed during an interview at the Bank of America Tower, Wednesday, Aug. 17, 2022, in the Manhattan borough of New York. Moynihan, said that recent quibbling over whether the U.S. economy is technically in a recession or not is missing the point. What matters is that current economic conditions are negatively impacting those who are most vulnerable.(AP Photo/John Minchillo) Brian Moynihan, CEO of Bank of America, is photographed at the Bank of America Tower, Wednesday, Aug. 17, 2022, in the Manhattan borough of New York. Moynihan, said that recent quibbling over whether the U.S. economy is technically in a recession or not is missing the point. What matters is that current economic conditions are negatively impacting those who are most vulnerable.(AP Photo/John Minchillo) Brian Moynihan, CEO of Bank of America, is photographed at the Bank of America Tower, Wednesday, Aug. 17, 2022, in the Manhattan borough of New York. Moynihan, said that recent quibbling over whether the U.S. economy is technically in a recession or not is missing the point. What matters is that current economic conditions are negatively impacting those who are most vulnerable.(AP Photo/John Minchillo) Brian Moynihan, CEO of Bank of America, is photographed during an interview at the Bank of America Tower, Wednesday, Aug. 17, 2022, in the Manhattan borough of New York. Moynihan, said that recent quibbling over whether the U.S. economy is technically in a recession or not is missing the point. What matters is that current economic conditions are negatively impacting those who are most vulnerable.(AP Photo/John Minchillo) Brian Moynihan, CEO of Bank of America, is photographed at the Bank of America Tower, Wednesday, Aug. 17, 2022, in the Manhattan borough of New York. Moynihan, said that recent quibbling over whether the U.S. economy is technically in a recession or not is missing the point. What matters is that current economic conditions are negatively impacting those who are most vulnerable.(AP Photo/John Minchillo) Brian Moynihan, CEO of Bank of America, is photographed during an interview at the Bank of America Tower, Wednesday, Aug. 17, 2022, in the Manhattan borough of New York. Moynihan, said that recent quibbling over whether the U.S. economy is technically in a recession or not is missing the point. What matters is that current economic conditions are negatively impacting those who are most vulnerable.(AP Photo/John Minchillo) Brian Moynihan, CEO of Bank of America, is photographed at the Bank of America Tower, Wednesday, Aug. 17, 2022, in the Manhattan borough of New York. Moynihan, said that recent quibbling over whether the U.S. economy is technically in a recession or not is missing the point. What matters is that current economic conditions are negatively impacting those who are most vulnerable.(AP Photo/John Minchillo) Brian Moynihan, CEO of Bank of America, is photographed during an interview at the Bank of America Tower, Wednesday, Aug. 17, 2022, in the Manhattan borough of New York. Bank of America says the revenue it gets from overdrafts has dropped 90% from a year ago, after the bank reduced overdraft fees to $10 from $35 and eliminated fees for bounced checks. (AP Photo/John Minchillo) Brian Moynihan, CEO of Bank of America, is photographed during an interview at the Bank of America Tower, Wednesday, Aug. 17, 2022, in the Manhattan borough of New York. Bank of America says the revenue it gets from overdrafts has dropped 90% from a year ago, after the bank reduced overdraft fees to $10 from $35 and eliminated fees for bounced checks. (AP Photo/John Minchillo) Brian Moynihan, CEO of Bank of America, is photographed during an interview at the Bank of America Tower, Wednesday, Aug. 17, 2022, in the Manhattan borough of New York. Bank of America says the revenue it gets from overdrafts has dropped 90% from a year ago, after the bank reduced overdraft fees to $10 from $35 and eliminated fees for bounced checks. (AP Photo/John Minchillo)
BofA CEO: Struggling Americans feel they are in a recession