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Bank of America CEO warns ‘bottlenecks have to get straightened out’ to ensure continued economic growth [Video]

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Bank of America CEO Brian Moynihan noted on Monday that his customers currently have more money in the bank and are spending more, but warned that supply chain issues, labor shortages and inflation could have an impact on the growth trajectory of the U.S. economy post-pandemic. 

"All those bottlenecks have to get straightened out, but I think the American consumer is pretty good at doing what they do, which is spend money," Moynihan told "Mornings with Maria" on Monday. 

Supply chain disruptions have hindered efforts to bolster the U.S. economy during the COVID-19 pandemic. Key raw materials needed for construction and components such as semiconductors are in short supply, while a labor shortage has contributed to a shipping logjam at major ports. 

The issues have impacted consumers in the form of empty shelves and higher prices, prompting fears that lower spending will slow the economic recovery.

FOOD PRICES WILL GO UP ‘TREMENDOUSLY’: BILLIONAIRE SUPERMARKET …

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13 DECEMBER 2021 | PYT BUSINESS BREAKFAST | FULL EPISODE [Video]

#profityourtrade #finance #wealth #stockmarket #stocks #tv5money13 DECEMBER 2021 | PYT BUSINESS BREAKFAST | FULL EPISODE DISCLAIMER : THE STOCK RECOMMENDATIONS, ANALYSIS, STUDIES AND COMMENTS PRESENTED ON TRADING AND INVESTMENT ARE SOLELY FOR EDUCATION PURPOSE. THEY DO NOT REPRESENT THE OPINIONS OF TRADING AND INVESTMENT ON WHETHER TO BUY, SELL OR HOLD SHARES OF A PARTICULAR STOCK INVESTORS SHOULD BE CAUTIOUS ABOUT ANY AND ALL STOCK RECOMMENDATIONS AND SHOULD CONSIDER THEY SOURCE OF ANY ADVICE ON STOCK SELECTION VARIOUS FACTORS, INCLUDING PERSONAL OR CORPORATE WONERSHIP, MAY INFLUENCE OR FACTOR INTO AN EXPERT'S STOCK ANALYSIS OR OPINION. ALL INVESTORS ARE ADVISED TO CONDUCT THEIR OWN INDEPENDENT RESEARCH INTO INDIVIDUAL STOCKS BEFORE MAKING A PURCHASE DECISION. IN ADDITION, INVESTORS ARE ADVISED THAT PAST STOCK PERFORMANCE IS NO GUARANTEE OF FUTURE PRICE APPRECIATION. THIS DISCLAIMER IS APPLIES FOR ALL FURURE RECOMMENDATIONS AND VIDEOS UPLOADED ON YOUTUBE CHANNEL OF PROFITYOURTRADE or 'PROFITYOURTRADEPYT'.- HAPPY INVESTING

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BREAKING: Google Just Released the US Cryptocurrency Bulls! Bitcoin, Eth, Cardano Holders BE READY - Tray News [Video]

So much HUGE crypto news today… WATCH THE WHOLE VIDEO! Hit Like, Share, and Subscribe for more daily cryptocurrency newsAltcoin Daily, the best cryptocurrency news media online! Follow us on Twitter:Tweets by AltcoinDailyio Timestamps: 0:00 – Introduction (WATCH WHOLE VIDEO) 0:54 – Google Lifts 2018 Ban on Crypto Advertising (effective August 3rd) 2:21 – Google […]

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Congressman Slams Senate After Marijuana Banking Excluded From Defense Bill [Video]

A new version of a congressional defense bill does not include marijuana banking reform following negotiations between the House and Senate. Butthe lead sponsor of the cannabis reform didnt go down without a fight, filing an amendment in committee to attach the marijuana language to the legislationthough he ultimately didnt insist on a vote.