Long-term interest rates went up on news Pres. Trump wanted to fire Fed Chair Powell: Jim Cramer

Maybe you hate JPAL. Maybe you love him. Maybe you have no idea who he is.Regardless, what you need to know is that he's in charge of the Federal Reserve. So, he controls what's known as short rates. That means the short-term interest rates there are are like the ones you borrowed today and pay me back to bar.The president appoints the head of the Federal Reserve, and in this case, it was President Trump who hired Pal during his first term. Trump now thinks Pal's doing a terrible job because he won't cut in ...