Jim Cramer: FED Chair Is Reason financial markets "can go higher"
CNBC market analyst Jim Cramer says FED Chair Jerome Powell is the reason financial markets “can go higher so easily.” “Powell is winning in so many places, from homes to job openings to starting salaries,” Cramer says in a post on X. “That’s one of the reasons this market can go higher so easily.” Powell is winning in so many places, from homes to job openings to starting salaries. That's one of the reasons this market can go higher so easily — Jim Cramer (@jimcramer) August 29, 2023 Replies to his post were quick to joke about Jim Cramer’s notorious jinx based on his takes, saying that the markets will now go lower because of the Fed Chair. The FED has been in an active battle for a year now in fighting off inflation. Interest rate hikes have come after nearly every FED meeting, and have only just started slowing down this summer. Jim Cramer earlier this month explained on his CNBC show that he sees little inf...