I stole these instructions from one of my groups:
1.Go to this folder: "C:\Program Files (x86)\Steam\resource\styles" and find the file that says "steam.styles" 
2. Open it with notepad or notepad++ 
3. Scroll down to the comment: "// styles for text used in RichText controls in various places" 
4. Where it says "friends_chat_text" all the way to "friends_chat_securitylink", just replace all the instances of "font-size=16" with "font-size=14" 
5. Save the file and close it, then restart steam. 
Just putting these here just in case.