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ESTHER GEORGE, PRESIDENT & CEO OF THE FEDERAL RESERVE BANK OF KANSAS CITY

American Banker: Rising rates, remote work put commercial real estate on Fed official's radar
Esther George, president of the Federal Reserve Bank of Kansas City, has commercial real estate on her radar for financial risks as the central bank tightens monetary policy.

Speaking with economist Peter Blair Henry during a webinar hosted by the Economic Club of New York on Wednesday, George said the combination of higher interest rates — raising the cost of CRE financing — and the pandemic-era shift toward remote work could hurt property owners and their lenders.

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