Jay Shambaugh

China is obviously in a different place than it was 20 years ago. It's now the second largest economy in the world. Things that happen in China matter to the global economy a lot more than they used to, there are always going to be bumps in the road and points in the transition that are difficult.

If 16, 17 months from now I could say I feel like policy was made in a smart way and that we made people’s lives a little bit better, I'd walk away really proud.