Fed's Hammack: Job market seems stable but immigration effects bear watching

LONDON, June 24 (Reuters) - The U.S. job market appears to be stable but the effects of President Donald Trump's immigration restrictions are worth watching for signs of becoming a drag on employment growth, Cleveland Federal Reserve Bank President Beth Hammack said on Tuesday.

“I don’t see the labor market as a source of inflation for the U.S. economy right now," Hammack said at an event in London. "And based on the data that I’m seeing right now it looks like our labor picture is reasonably stable, partly because of the immigration implications. But it could be a barrier to growth longer term. That’s something we do need to watch.”