China needs a currency that reflects underlying economic fundamentals.

I understand how important the automakers are to America. And I understand a bankruptcy; a failure in that industry wouldn't be a good thing. It's something we should avoid.

Well, as you know, we're working through a difficult period in our financial markets right now, as we work off some of the past excesses. But the American people can remain confident in the soundness and the resilience of our financial system.

A Fed loan to Lehman Brothers would not have prevented a bankruptcy.

As a child, I could beat most kids in sprints, but overall, wrestling was the most natural sport for me. In fact, I was a pretty good high school wrestler. I was unusually quick and strong.

In just about every area of society, there's nothing more important than ethics.

There's a lot of things we could do better.