Stock Market Sharply Declines Amid Coronavirus Fears

The video discusses a significant market crash, the worst since Black Monday in 1987, with the Dow dropping nearly 3000 points. Trading was halted due to an 8% drop in the S&P 500, marking the third circuit breaker activation in six sessions. The NASDAQ also experienced its worst day ever. Goldman Sachs predicted a sharp economic contraction, potentially leading to a recession. Despite the Federal Reserve's emergency rate cuts to near zero, some investors viewed these actions as excessive stimulus.

What action did the Federal Reserve take in response to the market situation?

What was the general sentiment among some investors regarding the Federal Reserve's actions?