Strategist: Global populist movement fueling Trump, Brexit not going away after election

Jim Bianco, president of Bianco Research, told CNBC's Rick Santelli that the global populist movement which caused the so-called Brexit vote in the U.K. and gave Donald Trump a legitimate chance at winning the U.S. presidency will not fade anytime soon.

Governments and markets will be dealing with calls for nationalism for the foreseeable future, he said.

Even the Federal Reserve could be influenced, Bianco added.

"Ultimately, I think the Fed is a political animal. They pretend that they are not political, but they are," said Bianco. "If there's a regime change and Trump comes in, watch how the same people that are advocating one policy, will pivot to another policy. I think that's almost a natural with them."

Bianco and Santelli also discuss the soundness of election-betting markets in this exclusive interview only available to CNBC PRO subscribers.