Jerome Powell

Chair

Notable

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 <p>CNBC market analyst Jim Cramer says FED Chair Jerome Powell is the reason financial markets “can go higher so easily.” </p> 
 <p>“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.”</p> 
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    <p lang="en" dir="ltr">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</p> 
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    </div> — Jim Cramer (@jimcramer) August 29, 2023
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 <p>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. </p> 
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 <p>Jim Cramer earlier this month explained on his CNBC show that he sees little inflation and strong <a rel="dofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> growth ahead for the US economy. Citing July’s job report, which shows 187,000 jobs added last month — slightly below the Dow Jones estimate of 200,000 jobs — along with an unemployment rate of 3.5%, Cramer suggests that there now is a good time to invest. He appears to be doubling down on this take and praising Jerome Powell and the FED’s efforts.</p> 
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   <img decoding="async" width="1024" height="802" src="https://cdn.thebittimes.com/images/2023/08/30/de1311d7b37a83fb6a064ae549d907ea.webp" alt="jim cramer cnbc" class="wp-image-64415" srcset="https://cdn.thebittimes.com/images/2023/08/30/de1311d7b37a83fb6a064ae549d907ea.webp 1024w, https://cdn.thebittimes.com/images/2023/08/30/de1311d7b37a83fb6a064ae549d907ea.webp 300w, https://cdn.thebittimes.com/images/2023/08/30/de1311d7b37a83fb6a064ae549d907ea.webp 768w, https://cdn.thebittimes.com/images/2023/08/30/de1311d7b37a83fb6a064ae549d907ea.webp 380w, https://cdn.thebittimes.com/images/2023/08/30/de1311d7b37a83fb6a064ae549d907ea.webp 550w, https://cdn.thebittimes.com/images/2023/08/30/de1311d7b37a83fb6a064ae549d907ea.webp 800w, https://cdn.thebittimes.com/images/2023/08/30/de1311d7b37a83fb6a064ae549d907ea.webp 1040w" sizes="(max-width: 1024px) 100vw, 1024px">
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 <p>On the other hand, other economies are a bit more bearish on the <a rel="dofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> ahead. Notable economist&nbsp;Peter Schiff&nbsp;has warned of a US <a rel="dofollow" title="financial" href="https://thebittimes.com/tag/financial.html">financial</a> crisis that could occur amid the <a rel="dofollow" title="Fed" href="https://thebittimes.com/tag/fed.html">Fed</a>eral Reserve’s inflation fight</p> 
 <p>Currently, the housing <a rel="dofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> is seeing record highs. In addition, inflation in the US rose to 3.2% in July, albeit a lower rise than expected. At the last FED interest rate meeting in July, rates rose another 25 bps, after a halt the previous month.</p> 
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<div class="cs-entry__tags">
 <ul>
  <li>Fed</li>
  <li>Jerome powell</li>
  <li>jim cramer</li>
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/jim-cramer-fed-chair-is-reason-financial-markets-can-go-higher-tbt60855.html">https://thebittimes.com/jim-cramer-fed-chair-is-reason-financial-markets-can-go-higher-tbt60855.html</a></p>

Jim Cramer: FED Chair Is Reason financial markets "can go higher"

TheBitTimes

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