CNBC's Jim Cramer said Wednesday that investors do not need to make major changes to their strategy as a result of Federal Reserve Chairman Jerome Powell's closely watched news conference.

If anything, Cramer said he believes the drop in stocks Wednesday, combined with the new insight into the Fed's thinking, could create opportunities for investors.

"I think you should simply stay the course, maybe using this decline to buy some high-quality stocks, especially industrials, right into the teeth of a downturn," Cramer said.

"The idea that Powell needs to figure out the game plan for the next two or three years, right at this very moment, is also absurd," Cramer said.