Do you have a bird flu plan? If your first reaction is, "You have got to be kidding," well, actually, we're not. Because we're the nation's central bank, the Fed has to prepare for any contingency, no matter how remote the possibility.
Think of it this way: Having a plan in place for an event that may never happen can help you prepare for a disaster that actually could happen—just like insurance that you hope you never need, or the Y2K preparations for an event that turned out to be a fizzle.
If the avian bird flu becomes transmissible from human to human, a pandemic could encompass the globe in a matter of weeks. While most disasters usually impact a single business or community, a pandemic could affect all of the country simultaneously. Therefore, community leaders must work together to prepare for a pandemic outbreak.
Key points to consider include:
Guidelines for preparing your business for the impact of a pandemic are available at www.pandemicflu.gov.
Fed in Print: An index of the economic research conducted by the Fed.