Cramer warns CEOs that he is worried about a slowdown in profits

CNBC's Jim Cramer said on Tuesday that he was addressing dozens of CEOs every week and that they were all worried about the slowdown in earnings growth.

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Later, "Squawk on the Street," said Cramer, fearing that the economic downturn "is not limited to housing."

The earnings season begins Friday with the release of results by JPMorgan, Wells Fargo, PNC Financial and Citigroup.

Cramer also reiterated on Monday his comments on the US Federal Reserve's move to data dependency and the blinding desire to normalize interest rates.

"I really think [Jerome] Powell will back off. He thinks too much of a man to stay on the autopilot, "said the presenter of" Mad Money. "The autopilot means" forced landing ".

– Matthew J. Belvedere of CNBC contributed to this report.