The ideas I proposed today go beyond immediate U.S. policy concerns. They are a reflection of the enduring concerns that led to the establishment of the IMF itself.

I believe a strong IMF role on exchange rate issues is central to the stability and health of the international economy.

If you truly want to deal with these imbalances, bilaterally or multilaterally, you have to focus on more than just the currency,

If we truly want to deal with these imbalances bilaterally or multilaterally, you need to focus on more than just the currency.

India is a stop along the way toward visiting all those countries -- including China and Brazil which we visited earlier -- that we regard as having the potential to become the major economies of the 21st century,

The U.S. has its part to play in this process by raising national saving, and in particular continuing on the path of deficit reduction. The administration does not and will never shy away from this point.

It's our job at Treasury to be the sober voice of reason, to make others understand why protectionism is an inappropriate approach. Our job here is to promote free trade and capital flows and open markets.

They are going through a period of self-education about how the system works. We expect the Chinese to continue to move in the right direction.

They're working on it. We always endeavor to get our reports out on time. But the president's visit could influence the outcome of that report and therefore it may be a few days late.

Properly presented, I think the routine publication of data would provide added information to reach fundamental judgments about exchange rate regimes.