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Kramer. Time to pardon Jay Powell. The poor guy's not a criminal. He doesn't belong in prison.

I know you laugh, but today we learned that the Justice Department has launched a criminal

investigation of Powell for something he said in Congress about the

renovation of the Federal Reserve headquarters, which is coming in over budget. Of course,

Powell says that the president's doing this because the Fed isn't cutting interest rates fast

enough. The Justice Department will never admit that. But I think Powell's got a point,

while I'm not a fan of politically motivated prosecutions. At least Trump takes monetary policy seriously.

If you're going to play games with the Justice Department,

I can think of worse reasons than getting interest rates lower for the American people.

If this is such a big deal, though, how come the stock market barely seem to react?

Dow gaining 86 points.

S&P advanced 0.16%.

NASDA climb 0.26%. Oh, it's simple. This is Wall Street betting that it's not going to happen. Even some Republican senators are pushing back against the J-PAL prosecution. Besides, what's the point going after this guy who's term ends in four months? And how often do you go after the customer

when it's the contractor that runs over budget? Again, I'm a pal here, but I got to say this

about President Trump. Usually when he does something that could terrify the markets, he changes

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