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

My preference is for the Federal Reserve to be the systemic risk regulator, because the responsibility for identifying and limiting potential problems is a natural complement to its role in monetary policy.

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.

Our overriding goal in restructuring our financial architecture should be that taxpayers never again have to save a failing financial institution.

It's a safe banking system, a sound banking system. Our regulators are on top of it. This is a very manageable situation.

China and the U.S. are the two largest importers of oil. They are the two largest emitters of carbon.

For market discipline to constrain risk effectively, financial institutions must be allowed to fail. Under optimal financial regulatory and financial system infrastructures, such a failure would not threaten the overall system.