The Federal Reserve is now under growing pressure to cut interest rates and pump cash into the financial system at its next scheduled meeting later today, as fears of a full-blown market crash and recession spread across global markets.

The Federal Reserve can stay patient and wait to see how tariffs and other economic policies of the Trump administration play out before making any changes to interest rates, Chair Jerome Powell

The Federal Reserve can stay patient and wait to see how tariffs and other economic policies of the Trump administration play out before making any changes to interest rates, Chair Jerome Powell said