Brian Moynihan Says US Economy Is 'Much Bigger' Than Fed: 'There's Too Much Fascination...' - Bank of America (NYSE:BAC)

Bank of America Corp. (NYSE:BAC) CEO Brian Moynihan says America's fixation on Federal Reserve rate moves has overshadowed the private sector's role in powering the economy, even as mounting political pressure raises fears over the central bank's independence.Moynihan Says Fed Focus Distracts From Private-Sector StrengthOn Sunday, in an interview on CBS News' Face the Nation, Moynihan argued the U.S. economy is "much bigger" than the Federal Reserve and urged Americans not to treat small rate changes as dec ...