'Right now, the best outcome would be for the averages to come down quickly, so [Fed Chair Jay Powell] can get it over with,' the 'Mad Money' host said.
CNBC's Jim Cramer said that Tuesday's market gains need to come down in order for the Federal Reserve to beat inflation as soon as possible.
CNBC's Jim Cramer said that Tuesday's market gains need to come down in order for the Federal Reserve to beat inflation as soon as possible. "Powell had better hope this run won't last, or else those beach house prices, new construction jobs,homes, processed food stocks and oil prices won't be going down and staying down any time soon," he added, referring to the homebuilder's warning in its latest earnings call that buyers have pushed back against current housing prices with sales slowing in some markets.after the market was closed on Monday due to Juneteenth.
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