Helping hand: People waiting in line for unemployment benefits at the One-Stop Career Centre in Las Vegas. US needs more stimulus for the people, says Moynihan. — AP
NEW YORK: Bank of America Corp chief executive Brian Moynihan called for another round of federal stimulus to help the United States reach a full economic recovery from the coronavirus pandemic.
“You’re back up to where 95% of the economy is back, ” Moynihan said Friday in an interview with David Westin in advance of next week’s Bloomberg Equality Summit, adding that more help is needed for restaurants, airlines, performing-arts venues and state and local governments so they can “cross that same bridge” as housing, health-care and other recovered industries.
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