US Treasury Secretary Janet Yellen has warned that the financial system faces ongoing vulnerabilities from commercial real estate risk and digital assets, despite a strengthening economy. In her remarks at the FSOC meeting, she emphasized the need for regulators to continue monitoring credit risk in commercial real estate and addressing it on Wall Street. The focus remains on mitigating these risks as inflation cools and unemployment rates remain low.
Source: https://www.bloomberg.com/news/articles/2024-12-06/yellen-warns-financial-system-still-faces-office-space-crypto-risks