Jim Cramer took a jibe at President Donald Trump in premarket on Tuesday as the stock futures rose amid the President’s criticism of Federal Reserve Chairman Jerome Powell for not cutting interest rates.
What Happened: Cramer, in an X post, highlighted that investors “would actually buy this rally,” if Trump did not criticize Powell for “being prudent about rates.”
Meanwhile, senior economist Jeremy Siegel highlighted in his weekly note that Powell will be blamed for any issues arising from Trump’s policy decisions. “I expect Trump to increasingly blame the ‘too slow Powell’ for any downsides that materialize from Trump’s policies. Powell may be technically secure in his position, but that doesn’t mean he’s insulated from blame.”
While Powell’s term as the Fed Chair ends …