Financial Services

WASHINGTON D.C. — This week, Congressman French Hill (AR-02) joined Julie Hyman and Adam Shapiro on Yahoo Finance's On The Move to discuss Federal Reserve Chair Jerome Powell's testimony before the House Committee on Financial Services. Click HERE or on the image below to watch the full interview with Congressman Hill on Yahoo Finance.   … Read more »

Click on the picture above to watch Rep. Hill's opening statement and questions from this week's hearing with Fed Chairman Powell. WASHINGTON D.C. — This week, during a House Financial Services Committee hearing, Rep. French Hill (AR-02) questioned Chairman of the Board of Governors of the Federal Reserve System,… Read more »

WASHINGTON D.C. — Today, Congressman French Hill (AR-02) released the following statement after introducing H.R. 5888, which allows the Secretary of the Treasury to waive counterproductive voting mandates at the International Financial Institutions (IFIs) on a case-by-case basis. “The International Financial Institutions are subject to legislative mandates that dictate which… Read more »

Transcript: US Congressman raises spectre of threat of digtial renminbi CBDC to US dollar. Fed governor responds 2/13/2020 Ledger Insights At a Congressional hearing this week, U.S. Congressman Bill Foster quizzed the Chair of the Federal Reserve, Jerome Powell, about the speed at which the Federal Reserve is exploring a central bank digital currency (CBDC) or digital dollar.… Read more »

Federal Reserve Chairman: U.S. is “Working Hard” on Digital Currency 2/12/2020 Blockonomi A few years ago, a government or central bank launching its own digital currency was a foreign concept. But since Facebook and a swath of partners unveiled the Libra cryptocurrency project in June 2019, those in power have sprung into action, looking into ways it could combat the rise of… Read more »

Bitcoin Surges After Fed Chair Powell Declares That The US Is Working On A Digital Dollar 2/11/2020 ZyCrypto Federal Reserve Chairman Jerome Powell has stated that the US central bank is working hard to develop a digital dollar. This is in response to the competitive threat posed by Facebook’s Libra project. Facebook’s Libra Has Prompted The US Fed To Work Hard On A Digital… Read more »

The Fed Does Not Need Fedcoin To Protect Consumers 2/10/2020 Forbes Facebook clearly knows how to grab the attention of the world’s central banks. Its Libra initiative, an attempt to create a new digital currency-based payments system on the back of the company’s massive social network, has even caused an about-face at the Federal Reserve. In May 2018, Fed Governor Lael… Read more »

WASHINGTON, D.C. — Today, ahead of the House vote on H.R. 2474, the Protecting the Right to Organize or PRO Act, the following op-ed by Congressman French Hill (AR0-02) appeared in the Washington Examiner, highlighting the negative impact that would follow the implementation of this legislation. Congressman Hill argues that the PRO Act would overturn right-to-work laws in the… Read more »

WASHINGTON D.C. — Tonight, Congressman French Hill (AR-02) released the following statement after the president delivered the annual State of the Union address: "Over the past three years, Congressional Republicans and the president have kept their promise to revitalize America by cutting burdensome government regulations, delivering the most sweeping tax reform in more than 30… Read more »

WASHINGTON D.C. — This week, Congressman French Hill (AR-02) offered the Republican Motion to Recommit H.R. 3621, the Student Borrower Credit Improvement Act. The Motion to Recommit included an amendment that prevented the Consumer Financial Protection Bureau (CFPB) from penalizing consumers based on their political opinions, religious expression, or other First Amendment… Read more »