Fed’s Bowman talks up community bank resilience as she notes pressures from commercial real estate, agriculture11 Feb 2019—MarketWatch
In her first speech since joining the central bank in November, Fed Governor Michelle Bowman said Monday that the health of the community banking sector has “improved significantly” since the financial crisis as she also raised concerns about commercial real estate and the agricultural sector.
Bowman noted that there were no community bank failures in 2018.
“Our job now is to ensure that community banks continue to remain strong,” Bowman said.
“We...want bankers to actively manage...