'When we heard from Fed Chief Jay Powell, he made me feel like we desperately need another stimulus bill from Congress because it's the only way to save these service businesses,' the 'Mad Money' host said.
CNBC's Jim Cramer doubled down on his calls for more stimulus spending from Washington after hearing from the head of the U.S. central bank on Wednesday.
"When we heard from Fed Chief Jay Powell, he made me feel like we desperately need another stimulus bill from Congress because it's the only way to save these service businesses," the "The Federal Reserve closed its last two-day meeting before the 2020 election this fall and officials signaled that they are willing to hold interest rates at zero until inflation rises above a target of 2%, which the agency does not expect to see until 2023.
Lawmakers in Washington have been at a standoff over what to include in another coronavirus relief package, but President Donald Trump on Wednesday said" as he attempted to blame Democrats in a tweet for not wanting to send out more direct payments to individuals.
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