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Jim Cramer Feels ‘Powerless,’ Tells Investors to Buy into Gold

Annie Gilroy
Jim Cramer Feels ‘Powerless,’ Tells Investors to Buy into Gold

Mad Money host Jim Cramer has been feeling “powerless” lately. After the Fed’s 25-basis-point rate hike (AGG) and less-dovish-than-expected tone on December 19, Cramer said that Powell was ignoring “serious” weakness in the US economy. In This, Not the Rate Hike, Spooked the Markets Yesterday, we mentioned that the equity markets (IVV) tanked on December 19 after the rate hike and the Fed’s outlook, and it continued in free fall mode yesterday.