Phew! Jim Cramer breathed a sigh of relief when he saw that the Fed actually gets it. The Federal Reserve made it clear that it recognized that if there is no inflation, a world of uncertainty and no real risk in keeping rates low—then rates should stay low.
That was exactly why markets initially greeted the decision with a rally and applause before the averages pulled back later in the day when investors rang the register. Cramer expected to see a selloff regardless of what the decision was, partially because the market had run up so much in anticipation of the event.
If the Fed had decided to raise rates, Cramer wouldn't have been surprised if the Dow took a nosedive down 500 points in a heartbeat. The dollar would have soared, emerging markets would have plunged and China would have cratered all because it was "time" for a rate hike.
"I say let's get on with it and find companies we like with share prices that have been kept down by all of this negative chatter," Cramer said.(Tweet This)
Ultimately, Cramer thinks that the U.S. is better off that the Fed stood pat on Thursday. Thus, the wise actions of the Fed will now allow for the higher prices that Cramer expects to occur in reaction.
Read More Cramer: Phew! Fed gets it. Prepare for high prices
As Cramer spends the week in San Francisco at this year's Dreamforce technology conference, he sensed an undercurrent in every CEO's sales pitch. It is one that encourages everything to be faster, better and cheaper. They want more, for less.
"But the word these tech chieftains don't talk about is 'lower', as in hiring lower numbers of lower-wage workers to do the remaining jobs that aren't wiped out by the automation that they are promoting," the "Mad Money " host said.
Cramer realized that the innovations of these booming technology companies are perhaps the main reason why the Fed chose to leave rates unchanged in the U.S. on Thursday, despite strong employment numbers.
The innovation that Cramer has seen in the U.S. is all about companies paying less money to whatever employees are left over, since new technology has managed to wipe out middle management and employees that support it.
Read More Cramer: Technology is doing the job of the Fed now
Cramer has also seen that when a once-loved growth company loses its mojo and stops being loved by Wall Street, it can take years for that stock to find a bottom.
These once-hot broken companies with rapidly decelerating growth can lose fuel in a blink of an eye, and Cramer has seen it happen over and over again.
"Eventually, though, some of these broken, once-expensive growth companies will become actual bargains, you just have to wait for it and know how to recognize when it is safe to start buying," Cramer said.
One of those companies is The Fresh Market, a high-end grocery store chain. And after three years of being in the dog house, Cramer thinks it has finally bottomed. He recommended it to consider for speculation, noting it could be almost irresistible for investors looking for value.
While Cramer was happy that Fed chief Janet Yellen decided to keep interest rates low on Thursday, there is one group that could have really benefited from a rate hike. That is the banks, because they make more money from customer deposits when the Fed raises short-term rates.
"Sooner or later, though, the Fed will start tightening, and when that happens you will want to own the best bank in the country, the San Francisco-based Wells Fargo, " the "Mad Money" host said. (Tweet This)
To find out what could be in store for this Cramer-fave bank going forward, Cramer spoke with Wells Fargo Chairman and CEO John Stumpf.
"Our No. 1 goal when we get up in the morning is not about making money, it's about serving customers. That is the reason for a business. The result is you make money," Stumpf said.
Read More Wells Fargo CEO: Our goal is NOT to make money
Cramer also took the time to check in with one of the most popular makers of connected devices in the world. Fitbit is the No. 1 maker of wearable fitness trackers, and the stock has been on a real roller coaster ride since it came public three months ago.
On Wednesday, Fitbit announced a large deal with Target, where Target will provide the company's most basic devices free of charge to its 335,000 U.S. employees or subsidize Fitbit's more expensive offerings to keep employees happy and healthy.
As a result, Fitbit's stock roared to $37 from $33 on Wednesday. Could this deal be a game changer going forward for the stock? To find out, Cramer spoke with the company's chairman and CEO, James Park.
"Consumers spend over $200 billion in health and fitness services globally. So, I think Fitbit is the leading company in its category; we are well positioned to take a lot of that spending," Park said.
In the Lightning Round, Cramer gave his take on a few caller favorite stocks:
Suncoke Energy: "If you want to be in that patch, you need to be in Energy Transfer Partners. It yields 9 percent and it's down on its luck—but it's not down on its business."
Eaton Corp: "Too late to buy? The stock has taken out of its own vortex. But you know what? 4 percent yield and good business, Sandy Cutler [CEO] has got that buyback going, I say it's a buy, buy, buy!"
Read MoreLightning Round: This energy MLP is a buy, buy, buy
