I see nothing easy in Washington. I see either analytically simple things that are politically complex or those that are politically complex and analytically complex. I mean, look at immigration reform, you know? It is, I think, analytically easy, but politically very, very complex and very difficult.

I happen to think that global slowdown, the slowdown in investment, strengthening dollar probably provide more of a headwind than we get from the decline in oil prices.

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

I've been through periods of stress, turbulence in the market for over the course of my career, various times, and never in any of those other periods have we had the advantage of a strong economy underpinning the markets.

As a steward of the U.S.economy and financial systems, the Treasury has helped lay the groundwork for the American economy to become a model of strength, flexibility, dynamism, resiliency. This is a system that generates growth, creates jobs and wealth, rewards initiative, and fosters innovation.

I'd have liked to have been another Faulkner, of course.

If the financial system collapses, it's really, really hard to put it back together again.

A study by Treasury economists estimated that a country with a tax rate one percentage point lower than another country's attracts 3 percent more capital. It's not surprising then, that average OECD corporate tax rates have trended steadily downward.

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

Too often, we restrict trade that would create U.S. jobs and is in our national interest.

All of us would like to have our children and their grandchildren grow up with at least the level of prosperity that we had. In the U.S., we seem to be very selfish because the older generation is not making the sacrifices.

I hate good press, and I abhor bad press.

It's hard to punish and save the banks at the same time.

When it comes to the presidency, I will not vote for Donald Trump.

China needs a currency that reflects underlying economic fundamentals.

Let's not forget, what TARP did allowed us to move overnight and put capital into hundreds of banks, and that money came back plus $32 billion.

The idea of being Treasury secretary in the abstract appealed to me, but my initial inclination was that it wasn't right for me to take that step.

In pursuing economic growth, India and the United States share similar values and similar challenges. We understand that the global economy is here to stay. To keep growing and leading the world in innovation and opportunity, the United States and India must trade freely, openly, and according to the principles of the global marketplace.

I never once considered that it was appropriate to put taxpayer money on the line in resolving Lehman Brothers.

Indian-Americans are physicians, engineers, CEOs, professors, teachers, entrepreneurs. They are a vital part of the United States' economic and social fabric. Because of this long history, the bonds among our people and our cultures will remain strong.

I grew up on a working farm. It was small, a hundred acres, but we had cows and pigs and chickens and sheep and a vegetable garden. I spent hours pulling weeds, hoeing, feeding the horses, cleaning out the stalls. My dad was a tough taskmaster. I always worked, but we also had fun.

I can't help but think what would have happened if a divisive character such as Trump were president during the 2008 financial crisis, at a time when leadership, compromise, and careful analysis were critical.

As I talk with the Chinese on currency, I encourage them to move much more quickly with opening up their capital markets to competition, because I don't believe the world is going to give them as much time as they would like.

Complexity and interconnectedness matter as much as size in assessing risk in banking.