Real estate leader on NY Fed board warns on commercial real estate risks
Published on: Saturday 25 March 2023
By Michael S. Derby NEW YORK (Reuters) - An executive who also serves on the board overseeing the New York Federal Reserve warned on Twitter Friday of potentially systemic problems in the real estate finance market and called on the industry to work with authorities to avoid things getting out of hand. Noting there is $1.5 trillion in commercial real estate debt set to mature in the next three