'With the immolation of crypto, the Fed's job is almost complete, but they don't seem to know it yet,' said Mad Money host Jim Cramer. cryptocurrency bitcoin $BTC
Mad Money's Jim Cramer Says Crypto Immolation Shows the Fed's Job to Tame Inflation Is Almost Complete
“one front in the war on inflation that’s been an outstanding total victory for the Fed” is the battle against financial speculation.Jim Cramer discussed crypto and the Federal Reserve’s fight against inflation on CNBC’s Mad Money show Thursday. Cramer is a former hedge fund manager who co-founded Thestreet.com, a financial news and literacy website.
While acknowledging the Fed’s efforts against inflation, he said, “we’ve still got lots of inflation out there.” He named housing, retail, commodities, transport, wage, and financial inflation — noting that the latter is also known as speculation. The Mad Money host believes the Fed has won against all the inflation types he mentioned, except wage inflation. “I think the Fed is starting to make real progress in fighting inflation, and I salute them,” Cramer said.
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