Slok Says Vice-Chair Plays Important Role at the Fed

The transcript discusses the Federal Reserve's monetary policy, focusing on the Fed funds rate and the role of the vice chairman. It highlights the market's perception of potential candidates for the vice chairman position, particularly John Taylor, and their expected impact on interest rates. The discussion also touches on the importance of continuity in Fed policies and the market's desire for stability in leadership.

What does the market expect in terms of continuity regarding the Federal Reserve's policies?

What are the key areas of fine-tuning that need to be addressed in monetary policy?