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Power Play: Why the Fed will hike rates in September

Janet Yellen
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Janet Yellen

The big debate is over when the Fed will start raising interest rates.

Lee Partridge, chief investment officer of Salient Partners, tells CNBC's"Power Lunch" on Thursday, he's in the September camp.

"Fed members are confronted with the prospect of a questionable employment picture butted up against a presidential election cycle that begins in earnest in the fall of 2015," Partridge said.

Read MoreMarket indicating Fed won't raise rates in September

He believes that will put pressure on the Fed to act sooner, rather than later.

"We think the Fed has one shot at initiating the process of increasing short-term interest rates in the month of September. A later move may be criticized as being politically motivated and may also interfere with the late-stage growth phase of the domestic economy," Partridge said.

The Fed is holding a two-day meeting on interest rates from September 16-17.