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What's Next After the Nation Avoids its First Default
Face the Nation with Margaret Brennan
The Fed's War on Inflation
Brian Moynihan, CEO of Bank of America: The Fed has won the war against inflation. He says with unemployment at all time lows, people are getting 5, 6, 7 percent wage increases. That creates a hard job for the Federal Reserve to slow that down because the U.S. economy is so consumer-led and he says it's tipping over. "I think we're at the point now where the Fed having tightened as much as it has with the impact of the failures of two or three banks"
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