WASHINGTON Feb 19 The United States' economic
outlook remains good even if bad weather took a toll on growth
at the end of 2013 and early 2014, a top Fed official said on
St. Louis Fed President James Bullard said he found the
argument that weather was behind a recent run of soft data to be
"compelling" and said he expected signals to pick up between
March and May.
"I think a lot of this (softness) will come back out as we
get into better weather patterns," he told journalists after a
speech at the Exchequer Club.
Minutes of the Fed's last policy meeting showed some
policymakers suggested risks to financial stability should
feature more prominently in the Fed's guidance on future policy
Bullard said he would not want to pre-judge a decision on
including financial stabiity in the guidance. He said his
preference would be to move away from specific numerical
thresholds and move back to a stance where the Fed just said it
was looking at incoming data.