Apr 18, 2021 Guest(s): Thomas Hayes Managing Member, Great Hill Capital
While the Federal Reserve may not let inflation to run hotter than 3% on a persistent basis, long-term, the economy will unlikely return to a disinflationary environment, said Thomas Hayes, managing member of Great Hill Capital.
"[The Fed] won't let it get away from [3%], they'll raise rates ahead to pre-empt it. Certainly, I don't think we're going to see a sub-2% [inflationary] environment like we've enjoyed for the last 20 years," he said.
Hayes said that only certain equity market sectors will continue to outperform at this point.