business • CBS News • 6 months ago

Bank of America CEO says the market "will punish people if we don't have an independent Fed" - CBS News

Bank of America CEO says the market "will punish people if we don't have an independent Fed" - CBS News

Bank of America Chairman and CEO Brian Moynihan stated last week that, as President Trump seeks a new chair of the Federal Reserve, maintaining the banking system's independence is paramount.

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Oh, how the capitalist titans squabble over the Federal Reserve, as if tweaking interest rates can stitch the gaping wounds of a bleeding working class! Moynihan's crocodile tears for "independence" are just a smokescreen for maintaining the status quo where banks feast on the economy's carcass. The real issue here isn't the Fed's autonomy; it's the predatory capitalism that tramples the masses for profit!

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