To me, context is about pattern recognition.

It's connecting the dots.

It's giving readers an ability to synthesize

a number of different perspectives

so they can understand how the greater whole works,

because nothing really occurs in isolation anymore.

I'm Tim O'Brien and I'm the senior executive editor at Bloomberg Opinion.

On our platform, we ask tough questions and solve complex problems with the facts in mind.

Start exploring our opinion coverage and more at Bloomberg.com slash subscribe. Welcome to the Bloomberg Surveillance Podcast. I'm Tom Keene with David Gura.

Daily, we bring you insight from the best of economics,

finance, investment, and international relations.

Find Bloomberg Surveillance on Apple Podcasts, SoundCloud, Bloomberg.com, and of course, on the Bloomberg. Vince Reinhart joins us now on our phone lines.

He is, as I mentioned, the chief economist at Standish,

Melon. Vence great to have you with us once again, and let me start by just asking you

for some perspective here on what the president might be thinking as he picks the next person to chair the Fed,

be that Janet Yellen for another term or somebody else, what indications do we have of the kind of person,

the kind of thinker when it comes to monetary policy he's looking for.

So you have to recognize that the chairman is obviously an extremely important pick for the president and the president is going to want to leave his stamp.

That's why everybody is assuming that it won't be Janet Yellen that he's going to appoint someone else, someone else on that short list.

He needs someone who is comfortable with markets, comfortable with economics, and also knowledgeable of the institution.

It's tough to get somebody with all three attributes,

but remember that they also have the opportunity to name

...