David Kelly of JPMorgan Funds had a very clear message for the Federal Reserve on Friday: hike rates in two weeks.
"If we don't raise rates now, we're going to be stuck in this stagnation equilibrium that has haunted Japan for over 20 years. It is wrong to keep rates at this very low level in a basically healthy economy," the firm's chief global strategist said in an interview with CNBC's "Squawk on the Street."
Kelly made his remarks after the Bureau of Labor Statistics released August nonfarm payrolls, which showed the U.S. economy added 173,000 jobs, below the expected 220,000.
Nevertheless, he said that this is still a strong number, given the fact that the August jobs report numbers are often revised up the next month.
"It's a whole flurry of factors. One of them is when do schools start and when they take the survey, and they often miss that government employment in the first cut," said Diane Swonk, Mesirow Financial's chief economist, in the same interview.
The numbers released Friday also give the Fed more reasons in justifying a rate hike sooner rather than later, Scott Brown, chief economist of Raymond James, said in another "Squawk on the Street" interview.