Is the labor market too hot for the Fed? Some economists say no.

Some economists are drawing the battle lines between the Federal Reserve’s rate hikes and future U.S. economic growth.

The U.S. created 253,000 new jobs in April, surpassing the 180,000 forecast by economists polled by the Wall Street Journal. Meanwhile, the unemployment rate fell to 3.4% from 3.5%, the government said Friday.

“While there…