Jim Cramer took Federal Reserve Vice Chairman Richard Clarida to task for telling CNBC in an interview Friday morning that the economy is in good shape.
Clarida is wrong, Cramer said on "Squawk Box" and "Squawk on the Street," saying any thought that growth is healthy is looking at the past, not the future.
"I know more than they do," Cramer said, urging Fed officials to "do more homework" and talk to more CEOs to get a better picture of the pockets of weakness in the economy.
CNBC's David Faber told Cramer that he's starting to hear about the slowing effect that Cramer has been talking about for weeks.
Fed officials need to swallow their pride, Cramer said, though he added he did like that Clarida's reference the Fed being "data dependent."
On the show Thursday evening, Cramer said CEOs across industries have been telling him, not for attribution, that they're worried about a slowdown in the U.S. economy.
Cramer has been warning investors for weeks about a manmade slowdown in the economy, fueled by the two-pronged pressures of the Fed's interest rate hikes and the Trump administration's tariffs.
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