The crypto collapse shows the Fed’s job is ‘almost complete’ against inflation, Jim Cramer says

CNBC's Jim Cramer said the slide in the cryptocurrency market shows that the Federal Reserve is making progress in its struggle to tamp down inflation. The "Mad Money" host's comments come after bitcoin, the world's largest cryptocurrency, finished its worst month on record. Cramer added that despite the Fed making progress, it still needs to control wage inflation and get the unemployment rate up in order to truly win the battle against inflation. "The Fed's job is almost complete, but they don't seem to know it yet," he said. The stock market now reflects a lot of bad news, but the Fed's still dismantling the good and they'll keep doing it until unemployment rate starts to surge, he said, which I suspect will happen Source