White House Will Keep a Close Eye on Commercial Real Estate, Adviser Says
- Issue is very much on the ‘watch list’ at CEA, Bernstein said
- He spoke in Senate during confirmation hearing as CEA chair
Jared Bernstein
Photographer: Sarah Silbiger/BloombergThis article is for subscribers only.
The White House will keep a close eye on the commercial real estate sector as financial turmoil poses another challenge to an industry that had already been struggling during the pandemic, the nominee to be the next chair of the Council for Economic Advisers said.
“This issue is very much on the watch list,” Jared Bernstein said during his confirmation hearing before the Senate Banking Committee on Tuesday. “It’s something we’re tracking carefully.”