Hey, I'm Kramer.

Hey, I'm Kramer. Welcome to Mad Money. Welcome to Kramer. I'm doing. My friends. I'm just trying to make you a little money. My job is not just to entertain, but to explain, put in context. Call me at 100, 743C, tweet me at Jim Cramer. We want to have a conscience.

We want to make a judgment about what the president's doing, whether or not it's right.

When he does something outrageous, we can lament, complain, shrug our shoulders.

But the one thing we can't do is sell the stock of invidia.

Because of President Trump's attempt to fire Lisa Cook, a Federal Reserve governor, what might or might not be mortgage fraud. Yes, I know

that sounded flip, but deal with me. On a day where the Dow gained 136 points, the SB

climbed 0.4%, the NASDAQ advanced 0.44%. All I heard today was people

wondering if the market should be rallying when the president's trying to fire a Fed governor,

which is supposed to be illegal. The cognizante wants to say it's wrong. It's wrong for stocks

to go higher, too, when the White House is threatening the Fed's independence.

And look, I get that.

I want an independent Fed, too.

Federal Reserve may get it right or wrong, but historically, when your central bank is run directly by a president or a prime minister, you tend to get much higher inflation. That's just an empirical point. It's a given. But I am now going to commit sacrilege in front of you, because's be honest, until this week, the vast majority of investors had never heard of Lisa Cook.

They don't care that she hasn't been charged, not charged, but hasn't been charged with mortgage fraud, supposedly telling banks she had two primary residents when you're only allowed that one.

They don't even care how she votes, which is alas with presidential nemesis J. Paladvich. They think two things. One, this is all inside baseball to them. And two, the president does outrageous things every day. What's the deal? It's become the norm. Whether you think it's outrageously good or unregiously bad, it shouldn't be shocking anymore. Trump feels like he has a mandate to be outrageous.

And given that his party controls both Congress and the Supreme Court, he can get away with practically anything seemingly no matter how outrageous it is.

To which I say at this point, when it comes to the prices of stocks, here I go.

Who cares? What does the firing or non-firing of a Fed official

most people have never heard of have to do with the price to earnings multiple of the $4.4 trillion

stock of Nvidia going into tomorrow night's quarterly report? Again, I am not trying to minimize it.

I understand why so many on Wall Street are worried that President Trump's trying to control the Federal Reserve.

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