Bank of America Chairman and CEO Brian Moynihan has indicated that the Federal Reserve should consider reducing interest rates slightly to foster a more normal economic environment. During an interview with Bloomberg's David Westin, Moynihan emphasized the importance of a cautious approach to rate adjustments. He noted that while consumer spending remains 'good and solid,' the country's debt poses significant challenges. Additionally, Moynihan expressed optimism about the bank's outlook, citing expectations for regulatory changes and growth. He also suggested that regulators should reassess existing rules for banks, particularly in light of potential shifts under the Trump administration.