Don't look to the Federal Reserve for drama or suspense, Jim Cramer told his Mad Money viewers Wednesday. Today the Fed gave us exactly what they always give us: a measured, disciplined and predictable approach to our economy.

Investors may have been looking for Fed Chair Jay Powell to provide the markets with a pep talk, explaining that the economy is just fine, but that's not how the Federal Reserve works, Cramer explained. The Fed rarely offers colorful commentary, or commentary at all, and that's how it should be. Investors shouldn't expect Powell to comment on the president or China or policy. It just announces its decisions in the most professional way possible.

Other investors expected the Fed to take a more symmetrical approach to interest rates, but Cramer reminded viewers that the Fed has always been more worried about inflation than economic weakness, and rate hikes and cuts have never been implemented in a symmetrical fashion.

By the end of the day, however, investors had begun to digest lower interest rates and were flocking to Apple (AAPL - Get Report) and to the banks, which should see a boost as the economy strengthens.

Cramer and the AAP team are looking at everything from earnings and tariffs to the Federal Reserve. Find out what they're telling their investment club members and get in on the conversation with a free trial subscription to Action Alerts Plus

Executive Decision: AGCO

For his "Executive Decision" segment, Cramer stepped outside with Martin Richenhagen, chairman and CEO of AGCO (AGCO - Get Report) , to see the company's latest combine harvester and hear how AGCO is faring in the trade war.

Richenhagen said the company's new combine is high-tech but also user-friendly and it produces the cleanest corn, free of dirt, rocks and other debris. AGCO sought to reinvent the combine and differentiate itself in the market and this new model does that, replacing up to four traditional pieces of equipment for a price of $850,000.

Turning to the trade war, Richenhagen said that farmers are cherished around the globe and countries like the U.S. will always subsidize crops in hard times like during a trade war. He said he believes President Trump didn't expect China to retaliate as they did, but the Department of Agriculture is hard at work helping farmers.

When asked about the global economy, Richenhagen said AGCO has always aimed to be a globally diverse company and right now the U.S. is meeting their targets, as is Germany and much of Europe. He said even Russia has lots more potential for growth.

Executive Decision: Tech Data

In his second "Executive Decision" segment, Cramer spoke with Rick Hume, CEO of Tech Data (TECD - Get Report) , the technology supplier with shares up 15% in just the past month.

Hume said there's always something hot in technology, which is why Tech Data diversifies in many areas both geographically, and also with its product portfolio and customer base. The company sells components from everything from PCs to data centers, and sells them to over 125,000 mostly small and mid-size customers.

Hume continued by saying they remain confident in their business and where they are going, which is why Tech Data has purchased $275 million worth of its own stock as part of a buyback authorization. He said the world is only in the second or third inning of the digital transformation and when you add the 5G wireless rollout, there is a lot of exciting new technology on the way.

Shares of Tech Data have increased 52% over the past five years.

Executive Decision: Cronos Group

In his final "Executive Decision" segment, Cramer sat down with Mike Gorenstein, chairman, president and CEO of Cronos Group (CRON - Get Report) , the cannabis company with shares that have fallen from their highs of $25 to just under $11 today as the group has fallen out of favor.

Gorenstein said Cronos continues to focus on innovation and the consumer. He said there are a lot of CBD companies out there, but very few CBD brands. That's why Cronos focuses on intellectual property and brands, using the same "asset light" model that established consumer goods and pharmaceutical companies use.

When asked about the recent vaping controversy, Gorenstein noted that nicotine and cannabis are very different products and in Canada, cannabis vaping products are not yet allowed to be sold.

Cramer said when you speculate on a stock like Cronos, you're going to get ups and downs like the industry has seen over the past year. 

On Real Money, Cramer keys in on the companies and CEOs he knows best. Get more of his insights with a free trial subscription to Real Money.  

Reviewing FedEx and Adobe 

Both FedEx (FDX - Get Report) and Adobe Systems (ADBE - Get Report) recently reported earnings that disappointed investors, Cramer told viewers, but one company is still worth buying while the other is having a total meltdown.

Cramer said Adobe posted great headline numbers, but had some weakness in a few line items related to recent acquisition. The company has a plan to correct them, however, and Cramer said he's confident the company can do so before its next big event in November.

But FedEx blamed the global economy for its weakness, which sent analysts into a frenzy on its conference call. Cramer said it's clear that the economy is at least partially to blame, but FedEx is also getting squeezed by competition in both the consumer and business markets. FedEx needs to spend more to compete, and that spending has investors worried in a world where Amazon (AMZN - Get Report) can already deliver packages to your home and inside your home.

So while Cramer said Adobe can be bought of any weakness, he advised viewers to steer clear of FedEx.

Lightning Round

In the Lightning Round, Cramer was bullish on The Trade Desk (TTD - Get Report) , Micron Technology (MU - Get Report) , Snap (SNAP - Get Report) , National Fuel Gas (NFG - Get Report) , American Electric Power (AEP - Get Report) , Consolidated Edison (ED - Get Report) and Costco (COST - Get Report) .

Cramer was bearish on General Electric (GE - Get Report) .

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At the time of publication, Cramer's Action Alerts PLUS had a position in AAPL, AMZN.