'Mad Money' host Jim Cramer broke down what drove Tuesday's market rally.
As the U.S. attempts to crawl out of the coronavirus downturn, Cramer said investors shouldn't "bet against" Federal Reserve Chairman Jerome Powell, who on Monday said his agency was. It's the latest in a number of steps the central bank has taken to backstop the economy.
"The Fed can print money, meaning they've got unlimited firepower, they just have to decide to use it," he said. "This time, Powell didn't wait for everything to fall apart. He moved aggressively to protect the banks. Now he's effectively backstopping their largest clients, too … That is 'don't fight the Fed.'"
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