
NEW YORK, Dec 15 (Reuters) - Federal Reserve Bank of New York President John Williams said Monday that the commercial real estate sector is holding in pretty well despite wide-ranging concerns about the sector amid higher borrowing costs.
Williams said that when it comes to commercial real estate, “I don’t see this as a stress event” as these types of firms refinance into higher rates, which Williams said are not historically high anyway. Williams spoke at a gathering held by the New Jersey Bankers Association in Jersey City, N.J..