Fitz-Gerald Group chief investment officer Keith Fitz-Gerald joined FOX Business' "Varney & Co." to discuss the Federal Reserve and inflation. He argued that Jerome Powell is "way off the plot" after he predicted that prices would "reverse over time."
KEITH FITZ-GERALD: The right corporations have pricing power because this is companies like Big Tech, for example, that can expand and maintain their margins.
Even if the economy slows down or prices go higher, people are not going to give up a new iPhone, but they're going to stop buying a loaf of bread. So there's going to be some real, real strange contradictions that come forward as inflation increases.
I think the Fed is messed up terribly. I think Jerome Powell is way off the plot here, and I don't think he gets it.
WATCH THE ENTIRE INTERVIEW BELOW: