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Jim Cramer on the Fed's Unlimited QE Plan and the NYSE's Floor Closure

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Let's talk about what's driving the markets Monday. 

Here's what investors need to know, according to Jim Cramer. 

First Up: The Federal Reserve

The U.S. Federal Reserve said it will buy an unlimited amount of government debt, as well as corporate and municipal bonds, in the biggest expansion of its balance sheet in history.

The Fed said it will buy Treasury bonds and mortgage-backed securities, which form the basis of its traditional quantitative easing program, in "in the amounts needed to support smooth market functioning and effective transmission of monetary policy to broader financial conditions and the economy", a massive increase from the $700 billion in announced last week. It will also add purchases of corporate debt, municipal bonds, and other assets as its balance sheet looks set to balloon from its current $4.7 trillion level.

And Then There's the New York Stock Exchange

For the first time in the New York Stock Exchange's 228 year history, the floor is not open while the markets are. 

The President of the NYSE, Stacey Cunningham, took to Twitter to explain what this means. 

Watch the full video above for Cramer's thoughts. 

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