BREAKING: Dow closes down 800 points, or 3%, on Wednesday, as a key potential recession indicator rings an alarm bell.
Wall Street took a battering on Wednesday, suffering its worst day so far this year after movements in the bond market signaled the sharpest indication yet of an approaching recession.
President Donald Trump blamed the Federal Reserve for the market plunge, calling Fed Chairman Jerome Powell “clueless” in an afternoon tweet. Trump has consistently lambasted Powell for not cutting rates at a faster pace. "Spread is way too much as other countries say THANK YOU to clueless Jay Powell and Federal Reserve," President Donald Trump tweeted on Wednesday afternoon, aiming his criticism once again at Federal Reserve Chairman Jerome Powell, who Trump believes has slowed the economy by not cutting interest rates at a faster pace.
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