"That is insane. Look, I am a big believer that the president has every right to complain about Powell's moves," thehost said. "I think that many of his criticisms actually [have been] spot on. But we have an independent central bank in the country, which means Powell can do whatever the heck he wants."
The federal Labor Department will release its nonfarm payroll report on Friday. Cramer expects the numbers to be strong, but is concerned it will only silence those calling for rate cuts and embolden those that want a rate hike. People that will call for a more hawkish Fed still won't concede that they got it wrong when Powell last hiked rates in the fourth quarter and said there were more planned for 2019.
Why would they? They propped up Obama’s Shitty economy for 8 years with no interest rate hikes!
Democrats would love for Americans to pay higher mortgage rates. Democrats are bad for American economy
Why is it anathema to believe holding is the correct Monetary Policy for this point in time? A good deal is when no party feels like it has the upper hand. Why does it have to either be extreme hawkishness or doveishness? Feels good right here, man. Powell seems to agree.
Yes we know, Fed chairman is dumb.
Remember when Cramer was going crazy over them needing to pause. Good times.
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