Bank of America CEO Forecasts No Recession But Cautions on Inflation, Debt Burdens

Bank of America CEO Brian Moynihan forecasts no recession for the US in 2023, expecting strong consumer spending to balance economic headwinds
However, he notes uncertainty that could lead to further inflation or undermine prices
Persistent inflation above the Fed's target could have severe consequences
Moynihan expresses concern about the $34 trillion national debt, calling for an "adult conversation" about fiscal sustainability
Geopolitical pressures from BRICS countries abandoning the dollar could negatively impact the US economy