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MNI BRIEF: Fed's George Flags Commercial Property Defaults

(MNI)

Kansas City Fed President Esther George warned about commercial real estate Tuesday, citing predictions that "a significant volume of commercial loans currently in modification programs may ultimately default."

"A worrying scenario is that the economic impact of the pandemic outlasts the policy support programs currently in place," she said, in line with MNI's reporting that Fed officials are still quite focused on downside economic risks.

MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com
MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com

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