Jim Cramer Cheers Recovery After Jobs Report: ‘I Don’t Think the Stock Market is Lying’

CNBC host Jim Cramer praised Secretary of the Treasury Steve Mnuchin and Federal Reserve chair Jay Powell for preventing an economic depression amid the coronavirus pandemic, cheering the employment rates and adding that he doesn’t “think the stock market is lying.”

“We know the fed is incredibly easy so there have been very few failures despite the pandemic, Secretary Mnuchin has helped, with his program, five million different companies,” Cramer said. “So look, they threw a lot at the economy to make it work, so I think you can argue from that employment number, it is working. I don’t think the stock market is lying here.”

Cramer pointed out the speculation surrounding the economy, noting that several companies that were predicted to go out
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