Wells Fargo CEO ‘Bullish’ on U.S. Economy in Second Half of Year
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Wells Fargo & Co. Chief Executive Officer Charlie Scharf said he sees the U.S. economy coming back from the coronavirus pandemic in a strong way in the second half of the year.
“Consumer demand is extremely high -- over the last couple of weeks we, like others, have seen material increases in consumer spend, and that’s before the stimulus checks have arrived,” Scharf said in an interview Wednesday on Bloomberg Television. Stimulus deposits are arriving in Americans’ bank accounts starting today. “We’re really bullish in terms of what the third and fourth quarters could look like.”