Cleveland Fed President Loretta Mester was relieved to report a rising US economy in her speech in Sydney, Australia on Wednesday.
"Payroll growth slowed considerably in May, raising the question of whether we were at the start of a reversal from the considerable progress that's been made in labor markets, or whether the weak reading was the type of transitory change we typically see during expansions," she said.
The U.S. economy added 287,000 jobs last month, well up from the terrifyingly low 11,000 in May.