Right now we have a "Catch-22" situation :
the World Health Organization has stated they don't want to call "pandemic" because it will lead to panic.
on the reverse the Fed needs that very call for the PPT to do a series of emergency rate cuts
"St. Louis Fed President James Bullard said he would consider additional rate cuts but only if the coronavirus turns into a pandemic or spreads on scale with influenza."
this was the messege from Fort Smith where he spoke today
