Jim Cramer gives his views on the current state of the economy. "Jerome Powell doesn't care about overseas at all," Cramer says. "He cares about the U.S."
TheStreet's founder and Action Alerts Plus portfolio manager explains how as the Federal Reserve tightens policy, domestic stocks such as Clorox (CLX) - Get Report and Proctor and Gamble (PG) - Get Report will rise. But the banks and international stocks trend down.
Watch for Cramer's full thoughts and how this has had an effect on hiring at his recently opened restaurant, The Longshoreman.