Janet Yellen’s Labor Ideas Outdated, Energy Volatility Not Done Says CME Economist

Fed Chief Janet Yellen's views on the labor markets are outdated, said Bluford Putnam, chief economist for the CME Group (CME) - Get Report . Globalization and technology have transformed the job market, yet Yellen has not realized the depth of their impact. Putnam also predicted more volatility in the energy market due to changes in the way fossil fuels are being used.