Investors largely expected the FOMC to cut rates by a quarter point.The Fedread more
As the Fed was meeting to consider cutting interest rates, it lost control of the very benchmark rate that it manages.Market Insiderread more
Federal Reserve Chairman Jerome Powell said the he does not see the Fed using negative interest rates in the future.The Fedread more
The decision to cut rates followed a monthslong pressure campaign by Trump, who often criticized Chairman Jerome Powell by name as he called for lower interest rates.Politicsread more
President Barack Obama spoke at an event in San Francisco on Wednesday hosted by software company Splunk and addressed how tech can help solve problems.Technologyread more
The FAA administrator's comments come on the eve of his visit to Boeing facilities outside Seattle, Washington. While there, he's scheduled to meet with Boeing executives and...Airlinesread more
Steve Dowling, the head of Apple's public relations department, announced he will be leaving this week.Technologyread more
Tracy Britt Cool is leaving the firm after a decade to start a company that replicates Warren Buffett's business model, the Wall Street Journal reported.Marketsread more
Stocks closed little changed after the Federal Reserve failed to signal it will cut rates again in 2019, disappointing traders.US Marketsread more
A New York-based blockchain consulting firm allegedly extorted a Seattle-based crypto start-up with threats to hijack its initial coin offering, in a case announced Wednesday...Technologyread more
According to a report in the Wall Street Journal, WeWork co-founder Adam Neumann has floated the idea of becoming Israel's prime minister or leader of the world.Technologyread more
"My main fear is that we could have a mini version of 2008 if the Fed doesn't change course," the "Mad Money" host said Monday night. "If Fed chief Jerome Powell actually starts listening to the stock market and wakes up to the damage that [Trump's] tariffs can do to the economy, then maybe he'll shift gears, just like [then-Fed Chairman Alan Greenspan] did in '98."
Cramer has been critical of Powell in recent weeks, agreeing with Trump who has been arguing against further rate hikes. The Fed has already raised rates three times this year, and one more is expected in December. Earlier this month, Powell said rates are a long way from so-called neutral.
If Powell halts his rate hikes, then "we can bottom and even roar higher" in the stock market, Cramer said. "But as long as Powell stays committed to the December hike and three more next year ... and the president stays committed to expanding his tariffs, then history says we've got more downside no matter what."
Stocks fell late Monday after Bloomberg reported the U.S. is preparing new tariffs against all remaining Chinese imports should talks between Trump and Chinese President Xi Jinping fail to resolve the nations' trade dispute.
Both Powell and Trump need to change course but "neither is likely to occur," Cramer said, adding "higher rates and higher [trade] taxes are setting us up for a very difficult end of the year, not to mention 2019."
—CNBC's Elizabeth Gurdus contributed to this report.