Ryan F. Quarles: “I think that you can actually have more effect in really supporting the low- and moderate-income portions of the…”

We feel strongly that hemp is a commodity crop. It is legal to produce and that we should not be criminalizing or intending to criminalize producers for producing a legal crop.

I do think that certainly, the way that we have implemented the Volcker Rule... it has been excessively burdensome.

The FDA needs to provide regulatory pathways for products containing CBD. The FDA needs to act now.

Similarly, that has always been a high priority of the Federal Reserve, and where we have the enforcement authority to act, we will do that.