Jim Cramer says Fed Chair Warsh is hammering bank stocks hard
As seen on the 24/7 Wall St. homepage on September 16, 2026.
Cramer is reading Fed Chair Kevin Warsh's hawkish tone as an immediate hit to bank stocks, and rate-sensitive financials are the first place that repricing shows up.
Crushing the financials as Warsh seemed pretty severe... Holy cow, he's a taskmaster.
- Replies66
- Reposts20
- Likes299
Continue ReadingShow less
Jim Cramer called Fed Chair Kevin Warsh a "taskmaster" on September 16, saying his tone was severe enough to send financials sharply lower.
Rate-sensitive financial stocks feel hawkish Fed signals first, because higher-for-longer rates compress net interest margins and weigh on loan demand.
Sponsored
Cramer's post drew 299 likes, and traders are debating how far Warsh is willing to push.
Keep an eye on financials as Warsh's full remarks are digested, since a "pretty severe" tone sets a cautious frame for the sector.