Feds resolve. Markets like to see the Central Banks step in. They want the fed to cut. I dont the fed will cut. I dont think the fed should cut. On terry halseys prepared act Monetary Policy is prepared act, but will be effective . The effectiveness would be tremendous. Interest rates are not vaccines. The fed is fairly impotent in this environment. On the other hand if they do nothing, it can make the situation worse. Jonathan joined me the table, Subadra Rajappa and Mike Schumacher and victoria fernandez. Victoria, in this conversation, we should start with efficacy of the central bank move and the willingness of central bankers to step in. Lets start with the latter. We are they . We are not seeing them willing to do anything at this point in time. The South Koreans did not lower their rates when people expected they might. You have germany coming out and saying they have enough stimulus on the table right now. They are not willing to lower rates at this point in time. I dont think
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