CNBC’s Jim Cramer had strong words for President Donald Trump while talking about the economic pressures brought on by the Iran war.
“Is the president stepping it up in order to end the war? Or is he just stepping it out because he’s had it?” Cramer asked during an appearance on “Squawk on the Street,” where he spoke about inflation from the conflict. “That’s the question, because he is a highly emotional man that’s running a military.”
Trump is “the opposite” of World War II General George Marshall, Cramer added. The comments came as Cramer broke down how the Iran War is driving up prices.
“We’ve got this problem. It’s energy,” Cramer said. “Then it’s all the surcharges to get our food into the store…who pays that surcharge? We do. And we pay it when we go to the supermarket.”
Cramer and CNBC anchor Carl Quintanilla were also reacting to a 6.5 percent annualized increase in the Producer Price Index, a marker of worsening inflation. The European Central Bank also hiked interest rates.
“ECB today becomes the first G7 central bank to hike rates in response to the energy shock,” Quintanilla said, adding that the 6.5 percent PPI increase “is not a great print.”
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