• The Federal Reserve is catching some heat for the historic stock market plunge.
  • Experts argue the Fed’s decision to leave rates unchanged at its last meeting contributed to the chaos.
  • Calls for steep rate cuts highlight concerns over the Fed’s delayed response to a slowing economy.
  • The Federal Reserve is to blame for the historic stock market plunge since last week, according to a growing chorus of market experts.
  • The S&P 500 dropped as much as 7% since the Federal Reserve left rates unchanged at the current range of 5.25%-5.50% at its policy meeting last week.
  • The Nasdaq 100 was down as much as 10% over the same time period.
  • Wharton professor Jeremy Siegel told CNBC on Monday that the Fed is way behind the curve, arguing that they should implement 150 basis points over the next two months.

Source:  markets.businessinsider.com