Bloomberg Talks Bank of America CEO Brian Moynihan Talks 2026 Outlook, AI & More
Dec 23, 2025
Brian Moynihan, Chair and CEO of Bank of America, shares insights on the U.S. economic outlook for 2026 and the crucial role of artificial intelligence. He discusses AI's immediate benefits in process automation and its potential for long-term revenue growth. Moynihan highlights consumer trends and labor market normalization while emphasizing the importance of tech investments. He also touches on how deregulation could drive U.S. growth, advocating for workers to embrace AI as jobs evolve. Tune in for a thought-provoking conversation on the future of finance!
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AI Is A Growing GDP Driver
- AI spending is ramping and will be a bigger contributor to U.S. growth in 2026 and beyond.
- Data center buildouts and higher client AI spend are tangible signs of that marginal impact.
Consumers Still Power Growth
- Bank of America data shows consumer spending up roughly 4–5% year-over-year, supporting the U.S. economy.
- Wage growth persists and credit quality remains strong across income terciles, though higher incomes lead growth.
Rate Cuts Favor Small Businesses
- Fed rate cuts next year could provide stimulus, especially helping small and midsize businesses via floating-rate credit.
- Lower rates will give immediate relief to borrowers on lines of credit and boost hiring intentions.