Powell said on Wednesday that the central bank could start slowing down its pace of interest rate hikes as soon as December.
CNBC's Jim Cramer on Thursday said that Federal Reserve Chair Jay Powell's inflation remarks the day before confirmed that inventors shouldn't exit the market over recession fears.
CNBC's Jim Cramer on Thursday said that Federal Reserve Chair Jay Powell's inflation remarks the day before confirmed that inventors shouldn't exit the market over recession fears. Nevertheless, reading the "Fed tea leaves" will continue to be critical for determining which areas of the economy will be crushed by the central bank's tightening and which will remain intact, according to Cramer.
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