In an interview, Bank of America CEO Brian Moynihan emphasized that given the signs of economic slowdown and reduced consumer spending, the Federal Reserve should take swift action to cut interest rates. Moynihan noted that although inflation rates have retreated from their peak levels, they have not yet reached the public's anticipated levels. He warned that in order to avoid the risk of entering a recession, the Fed should not pursue perfection too zealously, potentially causing unnecessary harm to the economy. It is worth noting that Moynihan also mentioned that Bank of America’s internal analysts did not predict an economic downturn for this year. However, they suggested that if the Fed does not begin cutting rates soon, it might affect American consumers' confidence. This highlights the sensitivity of the market to monetary policy adjustments and its significant impact on economic expectations. In summary, Brian Moynihan's remarks reflect the financial markets' anticipation for changes in monetary policy and the influence of economic conditions on the Fed's decision-making.