Yellen Warns Financial System Still Faces Commercial Real Estate, Crypto Risks
- Regulators remain focused on real estate, digital assets, AI
- Outgoing Treasury secretary delivers remarks at FSOC meeting
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The US financial system continued to face vulnerabilities from commercial real estate risk and digital assets in 2024, Treasury Secretary Janet Yellen said on Friday, even as cooling inflation and low unemployment bolstered the broader economy.
She signaled top US regulators on the Financial Stability Oversight Council have remained focused on monitoring credit risk in commercial real estate and urged officials to continue to focus on Wall Street’s ability to address it.