CNBC's Jim Cramer on Thursday said that the rapid slide in the cryptocurrency market shows that the Federal Reserve is making progress in its arduous struggle to tamp down inflation.
CNBC's Jim Cramer on Thursday said that the rapid slide in the cryptocurrency market shows that the Federal Reserve is making progress in its arduous struggle to tamp down inflation.
"There is one front in the war on inflation that's been an outstanding total victory for the Fed, and that's the battle against financial speculation," he said. CNBC's Jim Cramer on Thursday said that the rapid slide in the cryptocurrency market shows that the Federal Reserve is making progress in its arduous struggle to tamp down inflation.
"There is one front in the war on inflation that's been an outstanding total victory for the Fed, and that's the battle against financial speculation," he said. "With the immolation of crypto, the Fed's job is almost complete, but they don't seem to know it yet. … They're just gearing up to throw people out of work to make it clear that inflation is a thing of the past," he added.
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