Federal Reserve Bank of Cleveland President Beth Hammack said policymakers still have time to assess economic data before deciding on the next monetary policy move.

Speaking in an interview, Hammack said the latest US employment report was broadly consistent with recent hiring trends. The report showed that employers added 29,000 jobs in September, while the unemployment rate increased to 4.2 percent.

Hammack noted that average monthly job growth over the past year has been around 41,000, which she said was broadly in line with her estimate for maintaining stability in the labour market.

She said policymakers will have more economic information available before their meeting at the end of October. This will give them time to assess the data and determine the appropriate monetary policy stance.

The Federal Reserve raised its benchmark interest rate by a quarter percentage point in September, taking the target range to 3.75 percent to 4 percent. Officials had also indicated that another increase could take place before the end of the year.