Tensions stemming from the U.S.-China trade war escalated sharply over the last few days, with much happening as Asian markets were shut down for the weekend.China Economyread more
The latest round of tariff announcements in the last few days means that by the end of the year, essentially all Chinese goods exported to the U.S. will be subject to duties.China Economyread more
Futures fell after Trump said the U.S. will raise tariffs on more than $500 billion worth of Chinese imports, increasing trade tensions.Marketsread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
World leaders, environmental groups and celebrities have publicly decried the vast swaths of forest being destroyed by the fires.World Newsread more
Education Minister Ong Ye Kung says the Singapore government has been preparing for the challenge of an aging workforce "for the past 20 years."Employmentread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
Despite Kudlow's expectations, China said on Saturday that it strongly opposes Trump's decision to levy additional tariffs on $550 billion worth of Chinese goods, and warned...Politicsread more
President Donald Trump said Sunday he was not happy after North Korea launched short-range ballistic missiles over the weekend.Politicsread more
"All he has to do is say, 'You know what, I think that everything is on the table,'" Cramer said on "Squawk on the Street. "
If Powell were to say, "I'm paying attention to all the data," then we would rally, added Cramer as Wall Street opened lower, and shortly after took a sharp 1.5 percent leg down.
The Fed didn't immediately respond to CNBC's request for comment.
Powell's remarks last week sent bond yields soaring to seven-year highs and put pressure on the stock market because higher rates make equities less valuable.
The Fed chief characterized monetary policy as a "long way" from neutral, signaling a possibly more aggressive path for rate hikes. The central bank has already raised rates three times this year, with one more expected in December.
In recent days, Cramer has been critical of Powell, saying Monday that the Fed's shift from being data-dependent to being blinded by the desire to normalize rates could spell trouble for stocks.
President Donald Trump said Tuesday that he does not like the Fed's decision to continue to hike rates. He also said the U.S. economy does not have an inflation problem.
During a CNBC interview Wednesday, Kevin Hassett, chairman of the Council of Economic Advisers, said he would let the president's comments expressing displeasure with the Fed hiking interest rates stand on their own.