Fed's Barr: We are looking carefully at commercial real estate risk

• We are carefully looking at commercial real estate risk
• The fact that bonuses were paid on the day SVB failed was outrageous; Are investigating
• Expects to be be able to present thinking on the Feds holistic capital review by this summer
• There is a heightened risk related to the debt ceiling

Barr tends not to speak in regard to monetary policy but is a voting member as vice chair and part of the Fed's Open Market Committee