Experts Divided on Future Rate Hikes and Economic Growth

Former Federal Reserve governor Randall Kroszner suggests that additional interest rate hikes should not be ruled out due to the strong labor market. Kroszner believes that rates will remain high well into next year and that the Fed will only halt rate hikes once they see a cooling off in the labor market. He also highlights the importance of consumer confidence and the upcoming resumption of student loan repayments in the fall as factors influencing the Fed's decision-making process.