Federal Reserve's Hammack: Recent rate hike may be appropriate

According to Odaily, Federal Reserve's Hammack stated that with the labor market seemingly moving towards balance, a recent interest rate hike may be appropriate. Hammack noted that although she never focuses too much on any single data point, today's employment report once again confirms that the labor market appears to be largely in balance. She stated that the unemployment rate remains at 4.3%, "which is essentially consistent with what I define as full employment." "Given the uncertainty in the economic outlook, it is reasonable to keep interest rates stable for now. However, if recent trends continue, action may need to be taken soon." This essentially reiterates her remarks made on June 2. (Jin Shi)