Closing Bell: Bank of America CEO on Earnings, Wells Fargo CFO Weighs In, Defense Downgrade 1/13/23
Closing Bell
00:00
Can the Fed Slow Down?
The Fed has pushed the consumer to be a little more conservative, but they're still spending consistent with growth. The net interest income number was lighter than Annals were expecting leading them to wonder if the numbers were too high going forward. What does that number look like for you and can it still grow if the Fed pauses? Yeah, so we had $3.5 billion of growth from last year's fourth quarter to thisyear's fourth quarter. In the last half of the year we had $1.3 billion and $900 million plus of growth in Link Quarter. Those are pretty heady numbers and now we're up to a level. Now the question is we've got to let
Play episode from 19:44
Transcript
