Bloomberg Talks Rep. French Hill (R) Arkansas Talks Powell, Middle East, Trump Tax Bill
Jun 24, 2025
Rep. French Hill, a Republican Congressman from Arkansas and member of the House Financial Services Committee, engages with Bloomberg's Jonathan Ferro and Lisa Abramowicz on pressing issues. He discusses Federal Reserve Chair Jerome Powell's congressional testimony and the emphasis on price stability over environmental concerns. The conversation dives into the relationship between the White House and the Fed, examining political influences on interest rates. Hill also addresses Middle East tensions, advocating for a strong U.S. stance to ensure peace and stability.
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Fed's Focus Should Be Clear
- The Fed should focus on price stability and a safe banking system, avoiding distractions like environmental social governance involvement.
- House Republicans favor monetary policy and bank supervision as the Fed's primary responsibilities.
Fed Chair Balances Data and Pressure
- Federal Reserve Chairs have historically made data-driven decisions despite presidential pressures.
- The Fed is open to criticism but strives to anchor its monetary policies in solid data.
Markets Factor Fed Chair Speculation
- Markets understand the speculation about Fed Chair nominations and factor it into their expectations.
- Inflation forecasts anchoring near 2% should guide potential Fed rate cuts.