Thu May 8, 7:52 AM ET
"In terms of the credit crisis, I think we're closer to the end than the beginning," Paulson told Fox Business News in an interview from Kansas City, Missouri.
"The markets feel calmer now than they did in March, but this is going to take a while. It's going to take a while, there's going to be some more bumps in the road. A good number of our markets still aren't performing as normal, but we're making progress, risk is being repriced, financial institutions are raising capital," Paulson said.
(Reporting by David Lawder; Editing by Theodore d'Afflisio)
Copyright © 2008 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.