Any public nod by the Federal Reserve to the recent market chaos, according to former Dallas Fed advisor Danielle DiMartino Booth, would be an admission that policymakers pulled the trigger too soon when increasing interest rates last month.
"I think the Fed has put themselves in a very tight spot because they need to have to find a way to communicate. I think beginning today, that they made a huge policy error," DiMartino Booth told CNBC'S "Worldwide Exchange" on Tuesday.
Strong jobs data at the end of 2015 were a vote of confidence for the first rate hike in almost a decade.
But DiMartino Booth said that only 3 percent of the jobs in the household survey went to people of prime working age between 25 and 55 years old, and many were part time.
"That's really indicative of the type of recovery we've seen these last few years," she said. "Labor is the most lagging of indicators, I think the Federal Reserve knew that. There were indications that it's going to continue to worsen and it has."
DiMartino Booth, who was an advisor to Richard Fisher when he was president of the Dallas Fed, said she's not expecting a rate hike when central bankers conclude their two-day January meeting.
"I'm certainly not there yet, not with oil prices where they are," she said. "I'm going to have to wait and see whether or not December was an aberration." Nonfarm payrolls grew by 292,000 last month — much stronger than estimates for a 200,000 position advance.