The week was filled with noteworthy comments from the leading masters of the financial universe, as both Fed Chairman Jerome Powell and Treasury Secretary Janet Yellen called out the unsustainability of the US’s current fiscal path and their concerns with the swiftly deteriorating commercial real estate backdrop that appears to be a growing source of stress for bank balance sheets.
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The week was filled with noteworthy comments from the leading masters of the financial universe, as both Fed Chairman Jerome Powell and Treasury Secretary Janet Yellen called out the unsustainability of the US’s current fiscal path and their concerns with the swiftly deteriorating commercial real estate backdrop that appears to be a growing source of stress for bank balance sheets.