Cramer: 3 things need to happen to keep the Fed on a slow course to raise rates

If you want to keep the Federal Reserve on a slow course to raise interest rates to a reasonable level — let’s call it 3.5% — we need to see three things:
1. Big layoffs in the thousands
2. A suspension of buybacks to preserve cash
3. Store closings and promotions that save a middle class consumer in the throes of inflation everywhere
You could ask the same thing about $Bed Bath & Beyond Inc(BBBY.US)$ . Its interminable buyback has now left the company in dire straits. Talk about self-inflicted wounds. How many of those stores are profitable? If they are not, can the buybacks be justified? More companies need to suspend their buyback programs to keep much-needed cash.
More cuts are coming because the environment is going to get more harsh. Do the auto companies need all of those people if they are going to go against $Tesla(TSLA.US)$ CEO Elon Musk with electric vehicles cars that require fewer parts and fewer people to produce? That could reverberate all the way up the food chain. Can the oil and gas companies keep all of their workers if they need to reduce emissions?
Can $Meta Platforms(META.US)$ make it work with so many of their employees not in the metaverse, but the boss is deeply ensconced? Does $Alphabet-A(GOOGL.US)$ need to replace anyone? Why would the number of people being laid off at $Amazon(AMZN.US)$ stop at 100,000?