Cramer: Don't expect the Fed to bow to Trump's interest rates demands
"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.
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