Jim Cramer on Fed Tapering: 'What's the Hurry?'

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Minneapolis Federal Reserve president Neel Kashkari joined a growing list of Fed officials exploring earlier-than-expected Fed tapering of bond purchases. Kashkari told Bloomberg Sunday that if strong performance from the U.S. jobs market continues, the Fed will need to consider expediting tapering.

The conversation followed a series of economic data points that led Cramer to draw a similar hypothesis. The producer price index, or PPI, for final demand increased 1.0% in July, exceeding consensus estimates of 0.6%.

Fed Chair Jerome Powell is expected to host a virtual town hall with educators and students on Tuesday at 1:30 p.m with minutes from the Fed's July meeting expected Wednesday.

Cramer told Action Alerts PLUS senior analyst Jeff Marks that he hopes the Fed continues a 'wait and see approach' and holds off any decision until October. 

"If I were the the Fed, I'd say we've got a big delta problem, we've got China, we've got people coming off unemployment benefits, what's the hurry?'," Cramer said. 

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