Federal Reserve Jerome Powell
Fed chief Jerome Powell.
  • The next bull market in stocks won't happen until the Federal Reserve cuts interest rates to bail out the US government, according to Bank of America.
  • BofA said that high rates will result in a staggering increase in interest payments on America's $31 trillion debt.
  • The bank said US government debt is expected to soar by more than $21 trillion over the next 10 years.

The next bull market in stocks won't begin until the Federal Reserve cuts interest rates to bail out the US government, according to Bank of America.