What Cramer is watching Wednesday — Powell on the Hill, Jim in the metaverse

Stocks are poised for a lower open following Monday's rebound.

What I am looking at June 22, 2022 A hard landing is back on the table with oil getting crushed. Copper going down. President Joe Biden asks Congress for a federal gas tax holiday. Federal Reserve Chairman Jerome Powell today will deliver the central bank's semiannual monetary policy report to the Senate Banking Committee. Is crypto billionaire Sam Bankman-Fried the new J.P.

US Federal Reserve Chair Jerome Powell speaks at a news conference on interest rates, the economy and monetary policy actions, at the Federal Reserve Building in Washington, DC, June 15, 2022.A hard landing is back on the table with oil getting crushed. Copper going down. President Joe Biden asks Congress for a federal gas tax holiday. Federal Reserve Chairman Jerome Powell today will deliver the central bank's semiannual monetary policy report to the Senate Banking Committee.

Is crypto billionaire Sam Bankman-Fried the new J.P. Morgan by bailing out the crypto system? BlockFi, a crypto lending platform, said Tuesday it had secured a $250 revolving line of credit from Bankman-Fried's FTX Trading, reports Bloomberg. "A responsibility to step in."

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