TheStreet.com TV Recap: Fed-Cut Bet

Ben Bernanke's testimony today makes it clear he's just looking for a reason to push through a Federal Reserve rate cut, said Jim Cramer on the TheStreet.com TV's Wall Street Confidential video.

Cramer told Wall St. Confidential host Gregg Greenberg that he wanted to scream as he watched how the conventional media misinterpreted Bernanke's Congressional testimony as a possibility that he might raise rates.

"He's looking for an excuse to cut," Cramer stressed. "Why don't people see that?"

"Our short rates are way, way too high and totally out of whack," he continued. "It is driving me crazy to see the conventional wisdom reading him negatively. There will be a cut in May." ...