Jim Cramer advises investors to heed warnings from the Fed's Brainard and sell some stocks.

• CNBC's Jim Cramer advised investors to heed Federal Reserve Governor Lael Brainard's inflation policy comments and sell some holdings, as he said on Tuesday.
• The "Mad Money" host advised that if you own anything you don't like, now is a good time to sell it, as prices are likely to be high in retrospect. He also warned that when the Fed's biggest dove turns into a bird of prey, it's important to pay attention.

CNBC's Jim Cramer advised investors to heed Federal Reserve Governor Lael Brainard's inflation policy comments and sell some holdings, as he said on Tuesday.

The "Mad Money" host stated that the current market situation is not a call to sell everything. In fact, he believes that health care stocks and oils are still attractive investments, and he would invest more money in them if they come down. He explained that oil prices are affected by supply issues, while drugs are immune to a Fed-mandated recession. The host emphasized that he is becoming more conservative in his investment approach.

Now is a great time to sell anything you don't like, as we're doing well and you'll likely get good prices in hindsight. Be aware that when the Fed's biggest dove turns into a bird of prey, it's a sign to pay attention.

On Tuesday, Brainard shifted her stance on low interest rates and called for aggressive action against inflation. In a speech for a Minneapolis Fed discussion, she suggested that policy action could involve tightening the balance sheet and indicated that interest rate hikes this year could be more than the 0.25 percentage point increase implemented in March. Cramer commented on these remarks.

On Tuesday, the markets were affected by investor fears over an economic slowdown, as evidenced by the Nasdaq Composite falling 2.26%, the Dow Jones Industrial Average dropping 0.8%, and the S&P 500 decreasing 1.26%.

The Nasdaq led the way as all three market indices gained on Monday, according to Cramer, who believes the market's moves this week indicate investor confusion.

On Monday, traders buy semis and dump healthcares, while on Tuesday they do the opposite, which is a classic sign that no one knows what to do, according to Cramer.

He stated that he would not ignore this warning and was eager to sell with enthusiasm.

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