The current world financial crisis was really caused by the fed lowering already very low interest rates by a further 50 basis points. This has led to the crash in the world financial markets

[outsourci...@yahoo.com]

I realize that this goes against conventional thinking but the already low interest rates did not need to be lowered any further. The corona virus issue is a temporary issue and can be resolved within a couple of months. Lowering interest rates further will not boost immediate demand. On the other hand the damage that has been caused by the ten year yields below one percent and even the thirty year yield just barely above 1% is what is causing the financial crisis today.
Interest rates need to be carefully monitored and it isn't that simple an issue to simply lower rates to boost demand. Furthermore such huge lowering of already low interest rates has now brought the US treasury yields close to negative yield territory especially when inflation is considered. This brings its own set of problems and the massive over leveraging being done today betting on US BONDS ( instead of the earlier betting on the mortgage bonds which resulted in the 2008 crisis) has led to this problem today. The crash really started the day the fed lowered already very low interest rates by a further 50 basis. This was a disastrous step. It will do nothing to solve the immediate problem
And has instead bought massive problems for the near term and even the medium term health of the economy.