Bank of America chief talks America's "uncorked" economy

• "The question is: How much does [deregulation] uncork in the United States, and how much was being held back?" he posed during onstage conversation at Lightspeed's event venue, The Lighthouse.

Zoom in: Moynihan, who this month started his 15th year as BofA CEO, said negative economic impacts of President Trump's proposed tariffs could be offset by the new regulatory regime.

• That's so long as those tariffs are in the 10 to 15% range, he told Axios.
• "Just that lower regulatory burden will result in higher profit margins [and] will then allow us to manage the tariff burden differently," he said.

Trump spoke virtually at Davos on Thursday and doubled down on his plan to encourage domestic manufacturing — and punish any corporations that produce goods abroad.

• "My message to every business in the world is very simple: come make your products in America and we will give you among the lowest taxes of any nation on Earth," Trump said.
• "But if you don't make your product in America, which is your prerogative, then very simply you will have to pay a tariff," he added before taking questions from business leaders, including Moynihan.