Bank of America Chairman and CEO Brian Moynihan said last week that, as President Trump searches for a new chair of the Federal Reserve, maintaining the banking system’s independence is paramount. The market “will punish people if we don’t have an independent Fed,” Moynihan said in a segment for “Face the Nation with Margaret Brennan”
The following is the transcript of the interview with Bank of America Chairman and CEO Brian Moynihan that aired on “Face the Nation with Margaret Brennan” on Dec. 21, 2025. Editor’s note: This interview was filmed on Dec. 17, 2025. MARGARET BRENNAN: Well, thank you for making time. BANK OF AMERICA CEO BRIAN MOYNIHAN:
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