Blu Putnam, Chief Economist at CME Group, says Fed Chair Powell's focus on the labor market is what convinced him to be more hawkish. Blu says inflation will take a toll on GPD, Ukraine's going to take a toll on GDP, as well as the lack of fiscal policy. Blu says the Fed is very worried about a yield curve inversion. There is tons of uncertainty so caution is the name of the game for the Fed, he explains.
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