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Jim Cramer Says Jerome Powell Has a Big Chance to 'Stick It to the President'

Video credit: The Street
Published on July 31, 2019 - Duration: 02:15s

Jim Cramer Says Jerome Powell Has a Big Chance to 'Stick It to the President'

It's finally the Fed's moment in the sun.

Today, investors will finally here the Federal Reserve's decision on rate cuts after months of speculation.

The markets have widely priced in a 25-basis point cut, but some market pundits have even gone as far as to call for a 50-basis point cut.

Leading up to the decision, America's Tweeter-in-Chief President Donald Trump has repeatedly aired his grievances with the Fed and its chair Jerome Powell.

While TheStreet founder and Action Alerts PLUS portfolio manager Jim Cramer agrees a cut is needed, he said Powell's delivery of the cut gives him an opportunity to "stick it to the president." How?

Blame the need for the cut on tariffs and trade, Cramer said.

Catch Cramer's full take in the video above.

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