CNBC’s Jim Cramer on Monday brought back his mantra from earlier in the year, when the Federal Reserve was still ramping up its aggressive interest rate hike campaign: Trust Chair Jerome Powell to get the job done. world and he’s got a winning hand. Would you please just let him play it,” Cramer said.related investing newsStocks slipped on Monday, continuing last week’s losses driven by recession fears. Investor concerns about a potential economic downturn were renewed last week after the Federal Reserve raised interest rates by 50 basis points and indicated that the expected “terminal rate,” or point at which officials expect to halt rate raises, will be 5.1%. That’s higher than the projected 4.6% in September. Kramer reiterated his advice that investors shouldn’t flee the market, and urged them not to expect a repeat of the Great Recession, which was spurred by the bursting US housing bubble. “That 2008 analogy, it’s bogus. 2022 has very little in common with 2008,” he said, adding, “The consumer’s flush and can handle higher interest rates, even much higher ones. The banks are incredibly well capitalized.” Investors that downturns are inevitable for markets in order for the economy to stabilize, echoing his earlier reminder that the Fed won’t go easy on the market in its quest to stamp down prices. we’ll need to experience over the long haul,” he said.