Jim Cramer: Jerome Powell Made a 'Rookie Mistake' Last December

Publish date:
Video Duration:

Jim Cramer thinks that last year's December rate hike was a mistake. 

In fact, he called it a "rookie mistake" from Jerome Powell, chairman of the Federal Reserve.

"And that the big rally this year was just a makeup rally for all the destruction that occurred during December. And I'm not gonna disagree with that. I think that Jerome Powell made a rookie mistake. He made a rookie mistake. He's managed to be able to, I think, walk back a lot of it," said Cramer. 

Watch the full video for more.

Watch more from Cramer today

Full Replay: Jim Cramer on Kohl's and Macy's and the Trade War

Jim Cramer Says Donald Trump Shouldn't Want a Trade Deal

Jim Cramer: Macy's Is 'Disturbing'

Jim Cramer: How the Amazon Partnership Is Benefiting Kohl's

Related Videos