Bank of America CEO Brian Moynihan told “Face the Nation with Margaret Brennan” that he has been hearing from customers that “affordability is a challenge” amid rising gas and food prices and inflation, but he added that “in the last couple months, we’re seeing the wage growth of all income cohorts kind of coalesce together around 3 to 4% which is good.”

Bank of America CEO Brian Moynihan told “Face the Nation with Margaret Brennan” that he has been hearing from customers that “affordability is a challenge” amid rising gas and food prices and inflation, but he added that “in the last couple months, we’re seeing the wage growth of all income cohorts kind of coalesce together around 3 to 4% which is good.”