SRI-KUMAR: Absent a time machine, the Fed's best bet is to do a big rate hike now

Dr. Komal Sri-Kumar, the president of macroeconomic consulting firm Sri-Kumar Global Strategies, says that the best thing for the Fed would be to go back in time and raise rates further, sooner. But now he thinks the central bank's best bet is to hike rates by 0.75%, even though markets won't like it.