There's always light at the end of the tunnel, right? It just depends on how long the tunnel is.

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.

In China, export lobbies have fought for policies that favor their interests and limit foreign competition.

The first priority is to make sure we have capital to continue to have capital available to put into the financial system. That's the first priority.

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.

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.

China needs a currency that reflects underlying economic fundamentals.