What Investors Should Expect From Fed Chair Jerome Powell
Mark your calendars - there's a two-day Federal Reserve meeting on June 18-19, 2019.
Investors will finally hear how the Federal Reserve feels about the economy with much of Wall Street wondering when (and if) we will see the next rate cut.
While Cramer doesn't expect a rate cut next week, it's always interesting to hear what Fed chair Jerome Powell has to say.
The Fed meeting was one of the topics during our Cramer Live show on Friday, June 14, 2019.
Cramer reiterated his point that he doesn't expect a rate cut next week, "He has to see the employment number, if the employment number is weak, then he can do it.
Remember he's living with the fact that he raised rates six months ago.
So it looks awful.
It's like admitting that you were a fool, so he has to put a little distance." Related.
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