On the recordJune 20, 2023
We are following it very, very closely, and I think you have put your finger on it, this is a problem more for smaller banks.
Source
congress.govWe are following it very, very closely, and I think you have put your finger on it, this is a problem more for smaller banks.
Discussing the challenges smaller banks face with commercial real estate loans.
Share
More from Jerome Powell
If we move too slowly, there may be unnecessary losses, painful losses in the employment market.
There are no new water features, there’s no beehives, and there’s no roof terrace gardens
In effect, we went on hold when we saw the size of the tariffs, and essentially all inflation forecasts for the United States went up materially as a consequence of the tariffs.