Timothy Adams Quotes (11 Quotes)

As a result neither China, nor the global economy, has reaped the benefits of a more flexible exchange rate.

It's more than it was but not enough, and it just goes to show that with these growth rates that they can actually do more.

There were a number of statements today ... acknowledging the move of the Chinese and welcoming the move and urging the Chinese to do what they said they plan on doing, which is to put in place greater flexibility over time,

There have been times over the past few weeks, I will admit, that I was concerned that we weren't going to be able to get this deal done. And there are still countries out there that have yet to lend their full support,

This is a bright opportunity in the economic relationship.

This is just yet another step on the road to Iraq's normalization with the global financial community. We see this as solid forward progress.

We're going to give them the benefit of the doubt that they will do what they say they are going to do. We would just urge them to undertake a quicker pace of reform.

We have been very supportive of the reforming of the exchange-rate regime, but implied in that support is taking them at their word that over time they'll achieve greater flexibility and an exchange rate that increasingly reflects underlying supply and demand,

China's current account surplus is now a major component of global imbalances, and its continuation risks undermining support for the open trade policies which have contributed so much to China's development. China is now simply too large to rely on export-led growth to pick up the slack when other sources of growth falter.

We want to be sure that the way we address the imbalances maximizes growth. It's a shared responsibility.

What we tried to do is take a quantum leap in sophistication and scope. It gives you a picture of the truly complex nature of what we are trying to do.