Fed's Waller sees no crisis from commercial real estate

Feb 22 (Reuters) - Federal Reserve Governor Christopher Waller on Thursday said that the decline in commercial real estate values is a "serious concern" and "somebody" will have to eat the losses, but it will be a gradual process and will not cause a crisis.

"We have time," Waller said. "Everything I've seen - it's predictable, it's manageable, banks are already preparing to handle the losses," so this should not cause any serious downturn or financial crisis, he said.

(Reporting by Ann Saphir; Editing by Sandra Maler)

((Ann.Saphir@thomsonreuters.com; 312-593-8342; www.twitter.com/annsaphir; Reuters Messaging: ann.saphir.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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