WASHINGTON (CBS, KYMA/KECY) - Bank of America CEO Brian Moynihan spoke with Margaret Brennan on Face the Nation Sunday about the most recent job report .

According to Brennan, economists at the Bank of America say there is no rate hike this year and no recession, prompting her to ask Moynihan if it was the case following the job report released Friday, to which Moynihan said:

"Yeah, it's still the case, and that's a—less growth than they would have had six, nine months ago, and reflects the impact of the tariff war and the trade and all that—but they still think we continue to grow. And we're growing at a slow rate, say, one and a half percent this year, little more next year, and a little more the year after that. But it will take inflation—for the Fed to get inflation out of the syst

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