Jim Cramer: Fed Should Sell Bonds

Federal Reserve Chairwoman Janet Yellen should be selling bonds as opposed to hiking rates, says TheStreet's Jim Cramer. He said Yellen has been correct in her determination to let the data guide the fed's moves, especially following the less-than-stellar May jobs report. Cramer added that he wishes Yellen could keep a tighter lid on the rest of the Fed governors because they keep voicing their opinions, which is creating uncertainty in the market. However, he understands that it is a free country and they have a right to voice their opinions.

At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.