:"I think mortgage rates must go to 7% or 8% before it's just too expensive and new homes start coming down in price. … Powell has a lot of wood to chop to get rates that high, but he must do so," Cramer said."Powell has to choke demand for cars and the best way to do that is to raise interest rates. … We need a glut of cars to solve this intractable problem. Then the semiconductor makers can catch their breaths," Cramer said.
:"The more companies that decide they can't afford to hire people here, the less we need to worry about a wage-price spiral,"Cramer said that while Powell does not have control over its outcome or duration, the war is causing commodities prices, including oil and grains, to skyrocket.: Either a slowdown in commerce or an increase in the number of drivers will help on this front, Cramer said.