U.S. Markets open in 5 hrs 12 mins

Cramer rips the current Fed, but stops short of his famous 'They know nothing' rant of 2007

CNBC.com
Cramer rips the current Fed, but stops short of his famous 'They know nothing' rant of 2007

Cramer Remix: I have a better handle on this situation than the Fed right now    7:10 PM ET Wed, 10 Oct 2018 | 01:00 CNBC's Jim Cramer tore into Federal Reserve Chairman Jerome Powell, but stopped short of his famous 'They know nothing' rant from 11 years ago. "The fact is, I do have a better handle on the situation than the Fed does, just like in 2007," Cramer said on "Mad Money" Wednesday evening. "Oh, I hate to show such hubris on this show, or anywhere or at home. But I am sick and tired of a Fed that reverts to a non-rigorous, non-homework-oriented approach every time things look good. It's like they unlearned all the lessons of the Great Recession." In 2007, Cramer sounded off on then-Fed