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U.S. Treasury Secretary Yellen says commercial real estate and digital assets pose risks to the financial system
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2024-12-07 04:02 8,164
Golden Finance reported that U.S. Treasury Secretary Janet Yellen said on Friday that although cooling inflation and low unemployment have boosted the overall economy, the U.S. financial system will continue to face commercial real estate risks and vulnerabilities brought about by digital assets in 2024. She signaled that member regulators on the Financial Stability Oversight Council (FSOC) remain focused on monitoring credit risks in commercial real estate and urged officials to continue focusing on Wall Street's ability to respond.
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