The Federal Reserve's John Williams reiterated that the Fed's job is not to react to weaker labor data in a single month. Last Friday's weaker-than-expected jobs data raised concerns about a recession and contributed to the global stock market slump. He said there are some indicators to be wary of, but economic growth continues to remain fairly steady. "When you see weaker-than-expected job data, but it doesn't yet look like a recession, you should take a forward-looking view of the direction of the economy. If the economy exceeds normal levels, then the situation is different. In my opinion, we need to respond more strongly." Williams stressed that the margin of error for monthly employment data is 100,000, so conclusions should not be drawn rashly. When asked about the market's call for an emergency interest rate cut, Williams said that options, including interest rate hikes and cuts, have always been on the table, and if the economy deteriorates, the Fed will take steps to fix it.