Congress questioned the Fed chief on marijuana banking

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Federal Reserve Chairman Jerome Powell testifies before the House Financial Services Committee on

Mary F. Calvert | Reuters

Federal Reserve Chairman Jerome Powell testifies before the House Financial Services Committee on the "Semi-Annual Report on Monetary Policy in Congress" at the Rayburn House Office Building in Washington, DC, on July 18 2018.

Federal Reserve Chairman Jerome Powell told the US Senate Tuesday that contradictory federal and state laws on the sale of marijuana and other cannabis-based products put bank supervisors in a "very difficult".

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