Connect with us

Business

Jim Cramer dismisses Treasury Secretary Yellen’s inflation assessment – CNBC

“Even though I can totally see and feel the inflation from all sides, I’m sticking with Jay Powell as my quarterback,” the “Mad Money” host said.

Published

on

Article feature image
ADVERTISEMENT

CNBC’s Jim Cramer on Tuesday chafed at the idea put forward by Treasury Secretary Janet Yellen that rising inflation could warrant higher interest rates.
“Right now though, even though I can totally see and feel the inflation from all sides, I’m sticking with Jay Powell as my quarterback,” the “Mad Money” host said, referring to the Federal Reserve chairman. Cramer noted that Powell has insisted that a rate hike is unlikely until the labor market recovers from last year’s downturn.
“For Yellen,…

Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

Article feature image
Payment tech company Marqeta files for IPO as value tops $16 billion on private markets – CNBC
Article feature image
Constellation Brands takes stake in Black-owned rosé manufacturer La Fête du Rosé – CNBC
Article feature image
Health district warns consumers not to eat food from Gerry’s Donuts after reports of illness – WFSB