Hedge fund manager Paul Tudor Jones believes that inflation is “about to appear ‘with a vengeance’ and may force the new Federal Reserve chair to accelerate interest-rate hikes,” according to a recent article in Bloomberg.

According to the article, Tudor wrote in a recent note to clients, “We are replaying an age-old storyline of financial bubbles that has been played many times before.” He believes that policy makers should have pushed for tightening policy and rejected “the fiscal impropriety associated with this most recent tax cut.”

In his letter, the article says, Jones suggests that the days of  betting on continued  market gains may be numbered. The fund manager cites central bank policies and low market volatility as “the photo negative of my career starting out, and an archenemy of my style of trading.”