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Jim Cramer: Here's What Investors Should Watch in Jerome Powell's Speech

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Jim Cramer weighed in on what investors should keep an eye on during the Federal Reserve chair, Jerome Powell's, press conference Wednesday afternoon.

"How patient is it?" He said. 

"There are many people who think that the economy is rebounding. I think the economy can rebound," Cramer continued. 

Here's what TheStreet's Bradley Keoun wrote about the Federal Reserve's meeting. 

Sometimes doing nothing is better than something. That's especially true when the stakes are high and nobody really knows what the future will bring. Preserve the optionality, as it were, in trader-speak.

The Federal Reserve, which tries to regulate the speed of the economy by raising or lowering U.S. interest rates, finds itself at a crossroads, with President Donald Trump's administration insisting that his tax-cut-fueled growth will continue apace for years to come while a majority of economists now see a recession as inevitable within the next three years.

So what will the U.S. central bank do as its rate-setting Federal Open Market Committee prepares to meet this week? As little as possible, according to economists with the German lender Deutsche Bank.

Related. The Fed Decision Will Be a Market Mover No Matter What

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