Bloomberg Surveillance · Tuesday, July 28, 2026
Jay Hatfield, CEO of Infrastructure Capital Partners, stated it would be 'incredibly stupid' for the Fed to raise rates, arguing that current inflation data is flawed and that expectations themselves can be deflationary. He criticized the indices used to measure inflation as outdated and inaccurate, suggesting that real-time data shows inflation is closer to two percent.
“It would be incredibly stupid for the FED to raise Rach this year.”
“So we think the FED is living in the past at least those supporting increases.”
“But the main thing that needs to be done is to reform these horrible, horrible indicies that get put out that are complete fantasy. They believe that portfolio management inflation is twenty two percent year over year. That is just completely okay.”