On Tuesday's broadcast of "CNN This Morning," Bank of America CEO Brian Moynihan responded to a question on how Bidenomics is working by stating that after all of the pandemic stimulus, "you now have a situation where inflation has to be fought" and that the bank has predicted a recession starting in the first part of 2024. Moynihan also stated that getting inflation down to the Fed's target rate will take "all of this year and all of next year" and into 2025.