Full effect of Fed rate hikes have not been seen, Bank of America CEO warns

Bank of America’s CEO is warning that Americans have not yet seen the full effect of the Federal Reserve’s 11 rate hikes. During his interview on "Mornings with Maria" Wednesday, Brian Moynihan, CEO and Chairman of Bank of America, reviewed the Fed’s monetary policies on rate hikes, urging the central bank to be careful not to "overshoot.""The drag on a middle market company whose, you know, line of credit went up by 500 basis points to make it simple. That's still affecting their decisions. And so, you're ...