In terms of the overall economy, we've got challenges and the big focus has got to be on recovery, on repair, and that's going to take a while.

China saves too much, produces too much, sells too much to Americans and consumes too little.

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.

Even if you don't have the authorities - and frankly I didn't have the authorities for anything - if you take charge, people will follow.

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.

Regulation needs to catch up with innovation.

I think all governments engage in intelligence gathering vis-a-vis other governments.