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

and the back-to-school season kicking off, consumer confidence is another area the Fed is watching, Kroszner added.

"The consumer has been pretty resilient and that's great, but it also makes the Fed's job a little bit harder," he said."They're going to want to see a little bit less strength there before they're going to be able to to feel comfortable to say okay, no more hikes."

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