Rep. Hill on Powell probe: High construction costs don’t justify accusing someone of a crime

Summary

Rep. French Hill, Chairman of the House Financial Services Committee, joins Squawk Box to discuss President Trump's criticism of Fed Chair Jay Powell, the criminal investigation into Powell, and the importance of Fed independence. He also outlines crypto market-structure and stablecoin legislation, community banking, and housing policy priorities. The conversation touches on the Epstein files and whether the Justice Department is being weaponized.

• Rep. French Hill defends Powell's integrity but says Fed officials are not immune from criticism.
• Hill warns the Powell probe could disrupt Fed oversight and Powell's semiannual congressional testimony.
• Hill says high Fed construction costs do not justify a criminal accusation.
• Hill sees progress on crypto market-structure legislation and hopes for a stablecoin bill and market-structure bill.
• Hill links housing and community banks, noting small banks make most 1-4 family construction loans.
• Hill's 21st Century Housing bill aims to cut construction costs and increase housing availability.
• Hill says delivering on cost-of-living, jobs, and housing is better than political retribution.
• The interview also covers the Epstein files and Clinton letter to Rep. Comer.