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Jim Cramer dismisses Treasury Secretary Yellen’s inflation assessment – CNBC

“Even though I can totally see and feel the inflation from all sides, I’m sticking with Jay Powell as my quarterback,” the “Mad Money” host said.

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CNBC’s Jim Cramer on Tuesday chafed at the idea put forward by Treasury Secretary Janet Yellen that rising inflation could warrant higher interest rates.
“Right now though, even though I can totally see and feel the inflation from all sides, I’m sticking with Jay Powell as my quarterback,” the “Mad Money” host said, referring to the Federal Reserve chairman. Cramer noted that Powell has insisted that a rate hike is unlikely until the labor market recovers from last year’s downturn.
“For Yellen,…

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