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.

Every global concern - economic, environmental or security-related - can be addressed more effectively when the U.S. and China work together.

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

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

There are two issues that people sometimes confuse, but they're very closely related. There is the strength and the stability of the American financial system. And it's very important that that system remain stable and remain strong and lending is very important to consumers. Secondly, the economy. And what has gone on in financial system is impacting the economy. And as the economy is turning down, it is very important that lending continue to be available and be available to consumers. So what we're doing with this facility is to support - is to support consumer lending.

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

I believe that the root cause of every financial crisis, the root cause, is flawed government policies