Commercial real estate challenges are a “manageable problem,” although they could take ”several years” to be resolved, Federal Reserve Chair Jerome Powell told lawmakers as financial markets monitor another potential bank failure.
Speaking before the House Financial Services Committee on March 6 to deliver his semi-annual monetary policy report, Mr. Powell reiterated his position that stresses in the commercial real estate market won’t lead to a wider calamity comparable to the 2008 global financial crisis.
