Don't count out more rate hikes due to strong jobs market, former Fed governor Kroszner suggests

Don't number retired further involvement complaint hikes, according to erstwhile Federal Reserve politician Randall Kroszner.

Kroszner, who's present a University of Chicago economics professor, believes rates are staying precocious into good adjacent year.

"I don't spot however they tin beryllium comfy to say, 'okay we're not going to beryllium raising anymore' if the labour marketplace is arsenic beardown arsenic it is now," Kroszner told CNBC's "Fast Money" connected Wednesday.

His comments came aft the Fed released the minutes from its July argumentation meeting. Fed officials indicated "upside risks" to inflation could propulsion them to rise rates further.

Kroszner, who helped pb the effect during the planetary fiscal crisis, thinks the Fed won't officially enactment the brakes connected complaint hikes until they "see immoderate of the vigor coming retired of the labour market." He besides believes Fed members volition beryllium astatine likelihood astatine what they request to see.

With student indebtedness repayments acceptable to resume successful the fall and the back-to-school play kicking off, user assurance is different country the Fed is watching, Kroszner added.

"The user has been beauteous resilient and that's great, but it besides makes the Fed's occupation a small spot harder," helium said. "They're going to privation to spot a small spot little spot determination earlier they're going to beryllium capable to to consciousness comfy to accidental okay, nary much hikes."