Markets Crash, Trading Halted At Opening Bell, Despite Trump-Endorsed Fed Cut

Over the past weekend, in an effort to inject a boost to an already fragile economy and stock market, the Federal Reserve dropped interest rates down to zero percent.

It was a demand that President Donald Trump had frequently made of the Fed for several months. In recent weeks, Trump also implied that the move would help stave off more drops in the stock market, as the world grapples with the economic fallout from the coronavirus pandemic. read more