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Fortune
Fortune
Business
Nicholas Gordon

Bank of America CEO says the latest jobs report supports his prediction of a 'mild' recession

Brian Moynihan Bank of America Recession United States Jobs Report Economy Mohamed ElErian
(Credit: Al Drago—Bloomberg via Getty Images)

Bank of America CEO Brian Moynihan is sticking to his earlier predictions that a U.S. recession, if it comes, won't be as bad as people fear.

“How could you have an unemployment-less recession?” Moynihan asked on CBS News’s Face the Nation program on Sunday, citing the 263,000 new jobs reported in the U.S. jobs report on Friday.

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