Stop kidding yourself if you think all the bad news is baked in — Jim Cramer warns about the Fed

CNBC's Jim Cramer says there's "no cause" for the Federal Reserve to raise interest rates four more times. Stocks tanked on Thursday because people are finally realizing that the Federal Reserve has the power to hurt stocks and slow the economy, CNBC's Jim Cramer said after the Dow Jones Industrial Average fell more than 300 points. "This is one of those moments where it's dawning on people that maybe all the assurances that we don't need to be afraid of the Fed are being proven to be totally bogus," the "Mad Money" host said.