Bloomberg Talks Rep. French Hill Talks Fed Subpoenas
Jan 15, 2026
U.S. Representative French Hill, chair of the House Financial Services Subcommittee on Capital Markets, shares insights on the recent Justice Department subpoenas of the Federal Reserve. He describes these subpoenas as a significant mistake that diverts focus from essential economic agendas like reducing housing costs. Hill emphasizes GOP plans to enhance capital access and warns that price control proposals could stifle growth. He also discusses the importance of congressional oversight of the Fed and the potential ramifications for the upcoming Fed chair selection.
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Price Controls Could Curtail Credit
- Rep. French Hill says the proposal is a price control that could restrict credit and harm growth.
- He links regulatory reform, tax cuts, and housing supply increases to stronger GDP and consumer access to credit.
Lower Costs To Unlock Housing Supply
- Pass targeted laws to lower construction and compliance costs to increase housing supply.
- Tailor bank regulation to complexity to keep capital flowing for mortgages and small businesses.
Community Banks Drive Mortgage Lending
- Community banks under $10 billion make 60% of one-to-four family home loans, so regulation affects housing finance.
- Curtailing credit to lower-score borrowers could reduce consumption and weigh on 2026 growth.