CNBC's Jim Cramer on Thursday said Federal Reserve Chair Jerome Powell's inflation remarks the day before confirmed that inventors shouldn't exit the market over recession fears. To me, that's a green light to stay in stocks." Nevertheless, reading the "Fed tea leaves" will continue to be critical for determining which areas of the economy will be crushed by the central bank's tightening and which will remain intact, according to Cramer. He called on Powell to crush speculative stocks that became inflated during the height of the pandemic and to discourage investing in crypto. "It is touch and go until we get some indication as to whether he'll be willing to declare victory after he crushes speculation, hoarding, profiteering and inefficiency without ruining the rest of the economy," Cramer said.

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