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Bank of America CEO says the market "will punish people if we don't have an independent Fed"
Bank of America Chairman and CEO Brian Moynihan said last week that, as President Trump searches for a new chair of the Federal Reserve, maintaining the banking system's independence is paramount.
The market "will punish people if we don't have an independent Fed," Moynihan said in a segment for "Face the Nation with Margaret Brennan" that was recorded on Dec. 17 and aired Sunday. "And everybody knows that."
The Federal Reserve is the nation's central bank and sets the interest rates. At the agency's December meeting, it cut interest rates for the third consecutive time, reducing the federal funds rate — the rate at which banks charge each other for short-term loans — to between 3.5% and 3.75%.
Full interview: Bank of America CEO Brian Moynihan
Watch Margaret Brennan's full interview with Bank of America CEO Brian Moynihan, a portion of which aired on Dec. 28, 2025. Editor's note: This interview was recorded on Dec. 17, 2025.
Need extra hints for today’s Strands puzzle? Here are clues and spoilers for puzzle #667.
The Usos ended the year on "WWE Raw" by once again becoming the new World Tag Team Champions.
With the end of the 2025 fantasy season, Matt Harmon and Justin Boone host a special BONUS pod and give out awards for the 2025 fantasy season. Harmon and Boone also recap the MNF game between the Atlanta Falcons and Los Angeles Rams.
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