'Big Short' investor Steve Eisman says Powell is 'just as confused' by the economy as everyone else, and it's too early to buy bonds

• The Fed has likely paused rate hikes due to its own economic uncertainty, Steve Eisman told CNBC.
• Unless a bad recession hits, rates will stay elevated for a while as the Fed fears resurging inflation.
• Eisman added that it's too soon to start loading up on Treasurys, as rates won't fall in the near-term.

Investors are likely not the only ones baffled by conflicting economic data, said Steve Eisman, best known for predicting the 2008 market crash.