Joseph just interpreted Pharaoh’s dreams. The interpretation of the two dreams was the same – seven plenteous years followed by seven years of famine.
Joseph was thirty years old when he stood before Pharaoh king of Egypt. (vs 46)
Joseph: Let Pharaoh seek out a man, who is discreet and wise, and set him over the land of Egypt. Let Pharaoh do this, and let him appoint officers over the land to take up the fifth part of the harvest of Egypt in the seven plenteous years. Let them gather all the food of those good years that come and lay up corn under the hand of Pharaoh, and let them keep food in the cities. That food shall be for store to the land against the seven years of famine, which shall be in the land of Egypt. Therefore the land shall not perish through the famine.
This advice was good in the eyes of Pharaoh and in the eyes of all his servants.
Pharaoh (to his servants): Can we find a man such as this one, a man in whom the Spirit of God is?
Pharaoh (to Joseph): Since God has shown you all this, there is none so discreet and wise as you are. You shall be over my house, and according to your word all my people shall be ruled: only in the throne will I be greater than you. See, I have set you over all the land of Egypt.
Pharaoh took off his ring from his hand and put it on Joseph’s hand. He arrayed Joseph in garments of fine linen and put a gold chain about his neck. Pharaoh made Joseph ride in the second chariot which he had. Servants went before the chariot.
The servants (cried out): Bow the knee.
And Pharaoh made Joseph ruler over all the land of Egypt.
Pharaoh (to Joseph): I am Pharaoh. Without you, no man shall lift up his hand or foot in all the land of Egypt.
Pharaoh called Joseph’s name Zaphenath–paneah. And Pharaoh gave Joseph Asenath, the daughter of Poti–phera priest of On, for his wife.
And Joseph went out from the presence of Pharaoh and went throughout all the land of Egypt. In the seven plenteous years the earth brought forth by handfuls. And Joseph gathered up all the food of the seven years, which was in the land of Egypt, and laid up the food in the cities. The food in the fields around each city was laid up in that city.
Joseph gathered corn as the sand of the sea, until he stopped counting because it was without number.
Asenath, the daughter of Poti–phera priest of On, bore two sons to Joseph before the years of famine came. Joseph called the name of the firstborn Manasseh.
Joseph: For God has made me forget all my toil and all my father’s house.
Joseph called the name of the second son Ephraim.
Joseph: For God has caused me to be fruitful in the land of my affliction.
The seven years of plenty, that was in the land of Egypt, were ended. And the seven years of shortage began to come, as Joseph had said. There was famine in all lands, but in all the land of Egypt there was bread.
When all the land of Egypt was famished, the people cried to Pharaoh for bread.
Pharaoh (to all the Egyptians): Go to Joseph. What he says to you, do.
Joseph opened all the storehouses and sold to the Egyptians, because the famine waxed sore in the land of Egypt.
All countries came into Egypt to Joseph to buy corn, because the famine was so sore in all lands.