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Hi, this is Margaret Brennan, moderator of Face the Nation and chief foreign affairs correspondent at CBS News.

I spoke with Bank of America chairman and CEO Brian Moynihan recently,

about the U.S. economy and what to expect in 2026.

Here's our conversation.

Well, thank you for making time.

It's great to be here. Good to see you again.

I want to talk to you about the state of the economy

because our CBS polling is showing

that the most Americans ask this question, say their holiday items are hard to afford.

They're pulling back because incomes are not keeping up with inflation.

...