Quote
"We have parts of our system which are overwhelmed by regulation. It wasnt the absence of regulation that was the problem. It was despite the presence of regulation you got huge risks built up."
T
Timothy Geithner"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 risk of hyperinflation in the future. We have a strong independent Federal Reserve with a very strong mandate from the Congress, and they will do whats necessary to keep inflation low and stable over time."
Timothy Franz Geithner is an American former central banker who served as the 75th United States secretary of the treasury under President Barack Obama from 2009 to 2013. He was the President of the Federal Reserve Bank of New York from 2003 to 2009, following service in the Clinton administration. Since March 2014, he has served as president and chairman of Warburg Pincus, a private equity firm h
"We have parts of our system which are overwhelmed by regulation. It wasnt the absence of regulation that was the problem. It was despite the presence of regulation you got huge risks built up."
"We believe in a strong dollar … Chinese financial assets are very safe."