President Trump tweeted last night, quoting Jim Cramer's views on The Fed cutting rates.
"I think President Trump is set in his ways because he doesn't see any weakening. I mean, look at the joblessness report today. What I'm surprised at is how strong the consumer is. I think the Chinese need it (a deal) more than we do. It's statistical. I just think that our economy is very strong. If the Fed would lower rates to where the bond market says they should be, then I really wouldn't worry about a recession." @jimcramer@JoeSquawk
— Donald J. Trump (@realDonaldTrump) September 6, 2019
Jim spoke about it today from the floor of the New York Stock Exchange, saying he agreed with The President, but that he should take a different approach to the matter:
"I think one of the things that upsets the President, and I totally get this, is he would like to see a coordinated attack where the tariffs do not hurt the country cause rates come down and rates coming down will be very good for everything from housing, auto's really great, home equity loans really great...So I think that the president has a point, which is that, why can't he say how he feels about the Fed? Now I have said that he's got to do it differently in terms of the way he says it, cause I don't want Jay Powell to say, you know what, I do want to cut rates but I'm not going to let that guy make fun of me."
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