Fed's Barr: We are looking carefully at commercial real estate risk

  • Barr is in charge of supervisory at the Fed
  • We are carefully looking at commercial real estate risk
  • The fact that bonuses were paid on the day SVB failed was outrageous; Are investigating
  • Expects to be be able to present thinking on the Feds holistic capital review by this summer
  • There is a heightened risk related to the debt ceiling

Barr tends not to speak in regard to monetary policy but is a voting member as vice chair and part of the Fed's Open Market Committee

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General Risk Warning