Treasury Secretary Janet Yellen testifies on Capitol Hill in Washington, DC, on February 6, 2024.
Mandatory Credit: Roberto Schmidt/AFP/Getty Images
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Yellen: It’s ‘obvious’ empty office buildings create banking stress/losses
High commercial real estate vacancies are expected to create some stress for smaller banks, Treasury Secretary Janet Yellen said Thursday. However, she said she does not see them as causing a systemic risk to the nation’s financial system.
