CNBC's Jim Cramer on Monday unpacked Federal Reserve Chairman Jerome Powell's comments on inflation, saying that even though it's unclear when rates will come down, there is money to be made in the interim.
He encouraged investors to buy stocks and not just keep money in lower-risk investments.
"I'm beginning to believe that the biggest money will be made between this period where the Fed's holding pat and the moment where we get the first rate cuts," Cramer said.
After the Federal Reserve's meeting last week, Powell said the central bank would cut rates sometime this year, but not likely in March, when many on Wall Street expected.
Cramer conceded that some investors think stocks are a reckless option until the Fed starts cutting.
Persons:
CNBC's Jim Cramer, Jerome Powell's, Cramer, Powell, Scott Pelley
Organizations:
Wall, Fed