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CNBC Special Report: The Fed Factor 9/26/22

Mad Money w/ Jim Cramer

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Is J Powell and the Fed Now Hawks?

I worry more that chairman powell may become a sacrificial lamb, because there is already the political attacks that are beginning. I certainly hope that they are insulated. There's a reason why we have independent central banks and why that has become the norm around the world. Raising interest rates is an unpopular act. Paul voker saw it. He is now to day revered for having saved us from inflations out of control. And so i think it's really important for the public to recognize, as j powel has said, that inflation is very corrosive. It affects the lower, middle income and lower class people more than anybody else. And so it is really important to get it

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