BofA CEO Warns Of 'Malaise,' Top Economist Sees Recession Risk As Shutdown Drags On, But Stock Market Is Unfazed - Bank of America (NYSE:BAC)

Leading economic figures are issuing stark warnings that the month-long government shutdown is beginning to “materially damage” the U.S. economy. Moynihan Cautions Of Economic ‘Malaise’ Amid Prolonged ShutdownBank of America Corp. (NYSE:BAC) CEO Brian Moynihan, in a conversation with Fortune, cautioned that the prolonged standoff risks causing economic “malaise,” while Moody's Analytics chief economist Mark Zandi stated a recession is “more likely than not” if the impasse lasts through the end of the year. ...