Cramer Alert – Jim Cramer warns that the Fed’s fight against inflation will beat down ‘formerly high-flying stocks’ – #marketnews

* **CNBC’s Jim Cramer said Friday that the Federal Reserve’s attempts to crush inflation by raising interest rates will also inevitably bring down “formerly high-flying stocks” – even those that are “legitimate” companies.**
* **“While we wait for the Fed to finish hitting the brakes, the formerly high-flying stocks with no earnings and little sales will keep drifting lower and lower and lower,” the “Mad Money” host said.**

[** https://www.cnbc.com/2022/05/06/cramer-feds-fight-against-inflation-will-beat-down-shaky-stocks.html**](https://www.cnbc.com/2022/05/06/cramer-feds-fight-against-inflation-will-beat-down-shaky-stocks.html)