Jim Cramer: Jay Powell Needs to Say 'We're Not Done'

Katherine Ross

Whew. 

It's Fed week. 

The Federal Open Market Committee, the Federal Reserve's rate-setting committee, will be meeting on Tuesday and Wednesday this week. 

The central bank lowered rates to near zero in mid-March and it's expected they will remain there for the foreseeable future, according to economists. Forward guidance from the Fed on rates will be closely watched.

And, after the announcement on interest rates, Federal Reserve chairman Jerome Powell will host his monthly press conference. 

So, for investors looking past the rates, what do they need to hear from Powell when he takes the podium?

Watch the full video above for Jim Cramer's full take.

Hint: He thinks Powell needs to promise that the Fed will continue to support the economy as the U.S. puts together reopening plans.

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