Cramer said the Fed will continue with rate hikes until wage inflation cools off, but that if another large bank like First Republic collapses, 'it'll definitely do the job.'
," since it's buying $72 billion in loans at a $16.5 billion discount. Citizens' stock soared 53% Monday, but Cramer said the deal does not necessarily act as a solution for the bank run problem.
After depositors' confidence was shaken by the collapse of SVB, the Fed raised interest rates by 25 basis points last week. Cramer said the Fed will continue with rate hikes until wage inflation cools off, but that if another large bank like First Republic collapses, "it'll definitely do the job."
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