Markets have been pricing in optimism on what a Trump administration can do for businesses.
Bank of America CEO, Brian Moynihan told Yahoo Finance Executive Editor Brian Sozzi at Yahoo Finance Invest what he thinks a Trump administration can do to unleash the power of business.
Moynihan highlighted the need to enhance what makes America great, calling it “the place to invest on a global basis.” However, Moynihan noting key areas that need some work. First, the Trump administration handling government spending— Moynihan saying “they have to think about how to get that in better balance.”
The Bank of America CEO also brining into focus the need to handle tax laws and solve housing issues. Moynihan saying “if you try and solve housing, you’ve got to build more housing— and the way you’re going to build more housing is to figure out how to create the incentives for communities to permit more activity.”
To see every interview from Yahoo Finance Invest, click here. See the full interview with Brian Moynihan here.
This post was written by Ivana Freitas.