Occupation: Former United States Secretary Of The Treasury Birth: August 18, 1961
I believe deeply that it's very important to the United States, to the economic health of the United States, that we maintain a strong dollar..
Some think that by preparing to deal with crises you make them more likely. I think the wiser judgment is the contrary. In this area at least, if you….
Never before in modern times has so much of the world been simultaneously hit by a confluence of economic and financial turmoil such as we are now li….
In the financial system we have today, with less risk concentrated in banks, the probability of systemic financial crises may be lower than in tradit….
We have parts of our system which are overwhelmed by regulation. It wasn't the absence of regulation that was the problem. It was despite the presenc….
The major economic policy challenges facing the nation today - pick your favorites among the usual suspects of low public and household savings, conc….
Monetary policy itself cannot sensibly be directed at reducing imbalances..
The rest of the world needs the U.S. economy and financial system to recover in order for it to revive. We remain at the center of global economic a….
This crisis is not simply a more severe version of the usual business cycle recession, the typical downturn in which economies ultimately adjust and ….
The plausible outcomes range from the gradual and benign to the more precipitous and damaging..
The substantial uncertainty about the path of asset price movements going forward necessarily reduces the case for altering policy in advance of the ….
The world is likely to view any temporary extension of the income tax cuts for the top two percent as a prelude to a long-term or permanent extension….
And I think it's a prudent, responsible way, given the scale of the emergency, the scale of the damage still facing America, that we finance these ad….
Most consequential choices involve shades of gray, and some fog is often useful in getting things done.
If you don't try to generate more revenues through tax reform, if you don't ask, you know, the most fortunate Americans to bear a slightly larger bur….
Hyperinflation is not going to happen in this country, will never happen... The Fed putting so much money into the system is not going to create the ….
The choice is between which mistake is easier to correct: underdoing it or overdoing it..
The recognition that things that are not sustainable will eventually come to an end does not give us much of a guide to whether the transition will b….
Looking past the immediate crisis, a more resilient system must be built on stronger and better designed shock absorbers, both in the major instituti….
We believe in a strong dollar. Chinese financial assets are very safe..
There is a basic lesson on financial crises that governments tend to wait too long, underestimate the risks, want to do too little. And it ultimately….