Yellen: It’s ‘obvious’ that empty office buildings will create banking stress and losses – CNN
Robert Schmidt/AFP/Getty Images Treasury Secretary Janet Yellen testifies at the Capitol in Washington, DC on February 6, 2024. Story highlights Yellen said that while large banks’ exposure to commercial real estate is “pretty low,” some smaller banks may be facing stress. Yellen also added that she believed the problem was manageable. Yellen emphasized how inflation […]