Fed's Powell didn't 'cave'—he made the right choice for Main Street, says Jim Cramer

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Jim Cramer says people who think Federal Reserve Chairman Jerome Powell is choosing not to raise interest rates for the benefit of the stock market are mistaken.

 

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Fed still is ready to deleverage but they now understand specific uncertainties do not allow it to project hikes into near term, they need to wait & be cautious

For 'Main street' Not for Main street..... for Central Banks and the top 10% equity holders. They should let the markets correct instead of letting executives do buybacks and sell first, while Main street holds the bag of 💩.

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