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International Business Times
International Business Times
Business
AFP News

Yellen Says US Commercial Property Concerns 'Manageable'

US Treasury Secretary Janet Yellen testifies before the House Financial Services Committee on February 6, 2024 (Credit: AFP)

US Treasury Secretary Janet Yellen expressed concern Tuesday about the commercial real estate sector in the current environment of higher interest rates -- but added that the overall situation should be "manageable."

Speaking before the House Financial Services Committee, Yellen noted that banking supervisors are looking to help institutions manage these conditions.

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