Corruption, embezzlement, fraud, these are all characteristics which exist everywhere. It is regrettably the way human nature functions, whether we like it or not. What successful economies do is keep it to a minimum. No one has ever eliminated any of that stuff.

Since I've become a central banker, I've learned to mumble with great incoherence. If I seem unduly clear to you, you must have misunderstood what I said.

Institutions of the newer participants in global finance had not been tested, until recently...recent crisis have underscored certain financial structure vulnerabilities that are not readily assuaged in the short run.

I guess I should warn you, if I turn out to be particularly clear, you've probably misunderstood what I've said.

The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of the Second World War.

Productivity is notoriously difficult to predict.

I love to play tennis and golf, listen to music, watch baseball and root for the Redskins.