CNBC Investing Club

What Cramer is watching Thursday — Will Powell follow steps of former Fed heads?

Jerome Powell after speaking at a press conference in June, 2022.
Olivier Douliery | AFP | Getty Images

What I am looking at June 16, 2022

  • The great conundrum: If Federal Reserve Chairman Jerome Powell can be like former head Alan Greenspan in 1994 then the market is buy. But if he remains committed to no more 75-basis-point hikes (like the one on Wednesday), which is what he sounded like, then we will just keep going down and the sellers of bonds and stocks will be right.