Inflation will likely remain higher longer than we want, says Strategas CEO Trennert

Jason Trennert, chairman and CEO of Strategas Research Partners, to discuss markets ahead of the open on Wednesday. Trennert explains why it "doesn't seem like the Fed's on the case" when it comes to inflation. "I've never felt this was really transitory from the beginning, and I think there are certain elements of inflation now that are more structural," Trennert tells CNBC.