The Federal Reserve, looking at the most recent economic news, has been getting more concerned again about inflation. It's signaling is having the likely unplanned result of putting regional banks under more pressure over CRE loans, even though the Fed and other agencies have said that the banking system is fine.

One escape route that regional banks have used — an insurance-like maneuver — is becoming harder to get, according to Reuters, adding to the strain the banks have been feeling. But a finance and banking expert and academic told GlobeSt.com that the concern may be overblown.

In a Tuesday speech to the Florida Bankers Association, Fed Board of Governors member Michelle Bowman noted "progress on inflation" over the last year. But recent Consumer Price Index and Producer Price Index moves "suggest slower progress in bringing inflation down toward our 2 percent target," she said. "We had also seen signs of the labor market coming into better balance, but recent strong jobs reports—including upward revisions to employment growth—show a continued tight labor market."