The consumer has been relatively strong. They've held in there. They continue to grow their spending. So demands there, but businesses have gotten more and more cautious.

Bank of America CEO Brian Moynihan

at the World Economic Forum in Davos.

There's going to be a decline in the economy.

Soft landing we predict, but still from a 4% to five percent growth rate to one percent

growth rate is a steep slowdown. The macroeconomic conditions he's concerned

about these days. I wish the day that you all would stop talking about the Fed and

they would be off to the side.

The U.S. economy drives by all the you're going to have 80 CEOs I think

over next to day. They're going to talk about what they do and how they invest.

That's what drives the U.S. economy and so the Fed's got to get normalized and then get out of the way.

And what the world economy needs to get going in 2024.

That would be better for the US and ultimately better for all the countries around the world.

If we get the US sort of situated with a dynamic of growth

and inflation is much more normal. I'm CNBC producer Cameron Costa. Squakpad

reports from Davos Bank of America CEO Brian Moynihan begins right now.

The World Economic Forum in Davos this week was chock full of world leaders,

the U.S. Secretary of State Anthony Blinkin, cultural icons like Diane von Furstenberg, business leaders like Intel's and Coca-Cola's

CEOs, and Financial Giants like JPMorgan, Morgan Stanley, and Goldman Sachs

CEOs. And lucky for you, all those leaders sat on our CNBC

Squawk Box set this week and their conversations await you

in the Squawk Pod feed.

...