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The following is the transcript of an interview with Bank of America CEO Brian Moynihan that aired on "Face the Nation with ...

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MOYNIHAN: Because again, that allows the, uh, tightening cycle to pause or slow down and let the economy get back under itself. MARGARET BRENNAN: Brian Moynihan. Good to have you here in person.

Mr. President, on a different topic, The Wall Street Journal is reporting that you’re prepping an order that they say would ...

MOYNIHAN: You'll have growth in the first quarter then it'll go down, you know, maybe flat. But although they've gone from 1.7 percent to 1.2 percent, so they've come down.