Trump’s pressure on Fed not to have major impact on key stocks: Jim Cramer

CNBC’s Jim Cramer on Monday told investors why he thinks President Donald Trump’s unprecedented effort to remove a Federal Reserve Board governor won’t substantially impact the market.

“There have been so many shocking things coming from the White House that they’re no longer shocking,” he said. “At some point, this stuff gets priced in,” emphasizing his support for the Federal Reserve's independence.

Cramer noted that Trump's action doesn't concern many investors because it's unrelated to other market-moving events scheduled for this week, specifically Nvidia's earnings.

This comes after Trump announced Cook's dismissal from her position at the US central bank over allegations that she misrepresented her mortgage application, a move that escalates his attacks on the Federal Reserve and its independence.