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BofA chief Brian Moynihan offers positive outlook on economy in Boston speech - The Boston Globe
- Moynihan described a constructive near-term outlook for the U.S. economy based on consumer activity and bank data.
- Spending in the first 45 days of the year rose about 5 percent year over year, according to Bank of America data.
- Moynihan projected U.S. GDP growth of roughly 2.5% to 2.8% for the year.
- Massachusetts avenues for growth are slower, with economists calling for about 1.3% quarterly gains in early 2026.
- The dialogue touched AI’s role in business and its potential to disrupt workers.
- Moynihan highlighted the need to retrain workers to fill job gaps amid immigration policy focus.
- Moynihan said AI is a tool that needs to be mastered by workers.
- The talk occurred during a Boston College Chief Executives Club event with John Fish present.
- Moynihan’s comments included observations on consumer credit and overall household balance.
- The exchange linked AI advances to potential shifts in employment and productivity.
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