Aug 11 (Reuters) - If the U.S. Federal Reserve does not start cutting interest rates relatively soon, U.S. consumers could become dispirited, Bank of America CEO Brian Moynihan said on Sunday.
"Once the American consumer really starts going very negative, then it's hard to get them back," he told CBS in an interview. (Reporting by David Ljunggren in Ottawa Editing by Matthew Lewis)
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Brian Thomas Moynihan (born October 9, 1959) is an American lawyer, businessman and the Chairman and CEO of Bank of America. He also joined the Board of Directors, following his promotion to President and CEO. the sixth of eight siblings in a Roman Catholic family of Irish descent.cite news|url=
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| MERRILL LYNCH PREFERRED CAPITAL TRUST I | Chief Executive Officer |
Bank of America, NA (Private Banking)
 Bank of America, NA (Private Banking) Investment ManagersFinance Bank of America, NA (Private Banking) (Bank of America-PB) is the private banking arm of Bank of America, NA, which is a subsidiary of Bank of America Corp. (NYSE: BAC). Headquartered in New York City, the firm was founded in 1947 and is also known as US Trust, Bank of America Private Wealth Management. Bank of America-PB provides comprehensive wealth management products and services that focuses on wealth structuring (wealth planning, trusts and estates, philanthropy, custody services), investment management (portfolio consulting, asset management, capital markets, specialty asset management) and credit and banking (financial management tools, liquidity services, custom credit, real estate finance) for high net-worth and ultra-high net-worth individuals and families. | Chief Executive Officer |
