Payment systems are critically important for overall market stability. On a typical business day, U.S. payment and settlement systems settle transactions valued at over $13 trillion.

What I've said repeatedly is, 'I think the auto industry is a very important industry.'

There is a very real danger that financial regulation will become a wolf in sheep's clothing.

I'm a straightforward person. I like to be direct with people.

A single agency responsible for systemic risk would be accountable in a way that no regulator was in the run-up to the 2008 crisis. With access to all necessary information to monitor the markets, this regulator would have a better chance of identifying and limiting the impact of future speculative bubbles.

There are some things that you can work on immediately.

The U.S. didn't save enough; we borrowed a lot. There were structural imbalances in Asia with exporters, with oil exporters for a whole variety of things.