Jim Cramer expects Fed chief Powell to face more pressure to act on inflation

CNBC Television published this video item, entitled “Jim Cramer expects Fed chief Powell to face more pressure to act on inflation” – below is their description.

“Mad Money” host Jim Cramer said Wednesday he expects Fed Chairman Jerome Powell to face more pressure to try tamping down inflationary pressure in the U.S. economy.

CNBC Television YouTube Channel

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In This Story: Inflation

In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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In This Story: Jim Cramer

James Joseph Cramer is an American television personality and host of Mad Money on CNBC. He is a former hedge fund manager as well as an author and a co-founder of TheStreet.com. He was raised in Wyndmoor, Pennsylvania.

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