U.S. economy stronger, more QE cuts ahead: Fed's Bullard

CLAYTON, Missouri Fri Feb 21, 2014 3:16pm EST

James Bullard, President of the St. Louis Federal Reserve Bank, speaks during an interview with Reuters in Boston, Massachusetts August 2, 2013. REUTERS/Brian Snyder

James Bullard, President of the St. Louis Federal Reserve Bank, speaks during an interview with Reuters in Boston, Massachusetts August 2, 2013.

Credit: Reuters/Brian Snyder

CLAYTON, Missouri (Reuters) - Recent "soft" economic data notwithstanding, the U.S. economy is headed for a good year of growth, a top Fed official said on Friday, adding he expects the central bank to continue to pare its massive bond-buying stimulus

Chalking up much of the recent weak economic data to unusually bad winter weather, St. Louis Federal Reserve Bank President James Bullard told the St. Louis Forum he has not been deterred from his view that the economy has strengthened from past years.

"At least for the time being we are on target to continue the taper going forward, depending on how the (Fed's policy-setting) committee makes that decision as we go through this year," he said.

(Reporting by Ann Saphir; Editing by Chizu Nomiyama)

Recommended Newsletters

Reuters U.S. Top News
A quick-fix on the day's news published with Reuters videos and award-winning news photography and delivered at your choice of one of four times during the day.
Reuters Deals Today
The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day.
Reuters Technology Report
Your daily briefing on the latest tech developments from around the world from Reuters expert tech correspondents.