SYDNEY (Reuters) - Bank of America Chief Executive Officer Brian Moynihan said on Tuesday the U.S economy would reach a technical recession starting in the third quarter of 2023.
Moynihan told The AFR Business Summit in Sydney a U.S recession would not be deep and the bank forecast interest rates would start falling in the second quarter of 2024.
(Reporting by Praveen Menon and Lewis Jackson in Sydney; Editing by Chris Reese)
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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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The Clearing House
 The Clearing House Regional BanksFinance The Clearing House provides check clearance and settlement services for banks. The company was founded in 1853 and is headquartered in New York, NY. | Chairman |
