After the Fed meeting today - Jim Cramer is another voice arguing that it is bad policy from Washington that is holding the economy back.
On CNBC's Aug. 10 "Street Signs," during his "Stop Trading" segment, Cramer explained that the Fed is acting appropriately and noted it wasn't the Bernanke that was holding the economy back. Who is to blame? It's Congress, according to Cramer, with its complicated health care bill and even more indecipherable financial regulation bill.
Facing growing concerns that it's out of ammunition, the Federal Reserve pledged Tuesday to battle the slowing economy by purchasing more long-term U.S. Treasury securities.