Cramer Quick Take: Low Interest Rates Matter Most

Check out Jim Cramer's latest trading recommendations on "Action Alerts Plus".

NEW YORK ( TheStreet) -- Federal Reserve Chairman Ben Bernanke is set to speak again this week, and the markets wait in anticipation.

But Jim Cramer told Lindsey Bell at TheStreet.com Wednesday that the substance of what Bernanke has to say isn't really that important. As long as the Fed chairman commits to keeping interest rates low for the foreseeable future, that will continue to make common stocks that much more attractive.

Why would investors buy bonds or U.S. Treasuries yielding next to nothing when they can have AT&T ( T) yielding 4.5% or Dominion ( D) yielding 4% or Eaton ( ETN), a stock Cramer owns for his charitable trust, Action Alerts PLUS , yielding 4.2%?

A pledge to keep interest rates low is all the Fed can do, Cramer concluded, as it's up to Washington and Congress to fix what ails our economy.

Watch the full Cramer interview here.

--Written by Scott Rutt in Washington, D.C.

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

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