Despite another anemic jobs report, central bankers are on the right course with tapering their monthly bond purchases, Dallas Fed President Richard Fisher told CNBC on Friday. “They are not swayed by a single number,” said the hawkish Fisher, a voting member this year on the policy-setting Federal Open Market Committee.
Ahead of the report, he predicted on “Squawk Box” that weather was going to be a factor. “You’re going to have a step back every now and then.” But he added. “The real question is momentum in the economy. And it has been picking up.”
The Labor Department said the economy added 113,000 nonfarm jobs, as the cold and snowy winter dampened hiring. The jobless rate fell to 6.6 percent—a function of a continued decline in the labor force.