The best thing about the US economy is also one of the toughest things for the

Fed to get control was a consumer-driven economy with employment levels we had is a

good thing and that spending and that wage growth.

Bank of America CEO Brian Moynihan is talking about the Fez Battle to Equilibrium and so much more at the

World Economic Forum in Davos, Switzerland.

The Rowdy is that I think they have to be more careful where they are now because they can overshoot.

After three years of disruption, the world's leaders in business, government, and civil society,

plus our own Squawk team, are reunited in the Alps.

You're not cold, you got a jet there.

He's tougher than the rest of us.

Brian Moynihan for one is glad to be back and glad to report his economic outlook might not be so bad.

Consumer spending is strong.

Consumers have money in accounts.

They spend it down a little bit.

They still have a lot there.

So my belief is a mild recession.

Moynihan on consumers, global risk,

and even opportunities on the

consumers, global risk, and even opportunities on the blockchain.

It is extremely hard to find the compelling value proposition yet.

It will come because information, data, and ownership that can be accountable across jurisdiction is interesting.

I'm C. NBC producer Cameron Costa.

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