james bullard is here. he is the president of the st.ur economics editor, michael mckee is joining us as well. join you andt to get your views on how things are going to turn out by the end of the year. janet yellen basically told us that things are status quo. , couple of bad jobs reports but tapering is underway. how do you reconcile what seems to be a contradiction -- the fed is pulling back, still stimulate in, but stimulating less and saying at the same time there is a lot more to do? >> i think she had it right in the testimony. we are buying. we are buying a lot of bonds. not quite as many as in december, but we are buying a lot. the economy is improving and things are getting better. if you look at fourth quarter jobs, about 195,000 a month, including the bad december report. down to six is point six percent. gdp growth in the second half of last year. we are looking at a stronger economy. i think we have momentum for 2014. i am not seen anything so far to dissuade me from that. >> is it fair to look at the jobs number as a data

louis fed president james bullard. michael is with me in studio. this was a wide-ranging interview that you had today with mr. bullard. what are some of the highlights? >> he sees much better growth this year than many other people. three percent or better. he says the on implement rate could come down to 6.3% -- six percent by the end of the year. the fed has a conundrum. they anticipated 6.5% two years from now, and that was the threshold to talk about raising interest rates. what happens if you hit six percent well before that? that was a question that stephanie and i asked. >> we should wrap this up today. so i hope we can vote on this and vote soon. allmarkets are out there over the world watching to see what we do in the senate. >> obviously, that was harry reid talking about the debt ceiling on the floor of the u.s. senate. another thing we talked about with jim bullard is what happens in washington that affects the economy. he says that is another impediment removed, another reason things will pick up this year. back now to what he said abou

louis president james bullard is here.ll talk to him about whether he thinks the weather is to blame for the slowing economy. stick around. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. i'll believe it when i -- [ both ] oooooh... [ female announcer ] as you get older, protein is an important part of staying active and strong. ensure high protein... fifty percent of your daily value of protein. low fat and five grams of sugars. [ major nutrition ] ensure. nutrition in charge! low fat and five grams of sugars. save you fifteen percent or more on car insurance.ould yep, everybody knows that. well, did you know the ancient pyramids were actually a mistake? uh-oh. geico. fifteen minutes could save you fifteen percent or more on car insurance. >>> welcome to "squawk box." there is a special "squawk" newsmaker guest hosting today, st. louis fed president james bullard. on the agenda, will the economy survive the winter? fed chair janet yellen's vision of mo

louis fed president james bullard.nd the scenes look at last nights state dinner for french president francois hollande. president obama signs an executive order raising the federal minimum wage. >> to our viewers in the united states and those of you around the world, welcome. we have full coverage of the stocks and stories making headlines.

louis, james bullard. that will be tomorrow at 11:00 a.m. eastern. and we will be learning more about bitcoin and bitcoin exchanges. the first publicly traded company with the word bitcoin a minute is bitcoin shop -- with the word bitcoin in it is bitcoin shop. we have the company's chief executive charles allen joining us now. i was thinking maybe janet yellen was going to have to take a position on this cyber crypto currency called bitcoin. how do you describe bitcoin to those of us using regular money? >> i would describe it as a virtual currency. there are a few. bitcoin has the largest market value, almost $9 billion. bitcoins are created through a process of mining. it is similar to mining going -- mining gold. you have to go out and do work to get it, but it is computer power didn't set of axes and shovels. or tractors and equipment. the effort gets harder and harder each time a bitcoin is mine. you need to invest in expensive computers to do it. it is controlled by a peer to peer network. >> i got to stop you there. when you went to the peer

. >> top fed official, james bullard, president of the federal reserve bank of st. louis said today he expect that is the recent weaker, weathered data will reverse between march and may, eliminating weather drag on the economy. some private economists believe though it may take several months for the weather effects to wash out of the economic reports. i really hope that does not mean that they are predicting floods. back to you. gerri: peter, we're covering that later on in the show and possibility of this as all this snow starts to melt, it has got to go somewhere. peter, thanks for that. thank you for the spring puns. i appreciate it. >> thanks. gerri: so, is the weather a temporary blip on the economy or the sign of something more fundamental going on? here with answers, rick sharga, with option as.com, and lance roberts, chief economist at sta wealth. rick, i will start with you. you are a housing expert. we got numbers today, how 6 how disappointing. housing starts down 16%. builder sentiment also bad here. is this a lull in a broader recovery for housing or

james bullard of the st. is significant. sound a little bit hawkish because we're at 6.6% on unemployment rate. if 6% is full employment rate the fed will have accomplished its mandate and goal of full employment with a 6% number maybe sooner rather than later. so, got to, watch, we're going to watch this and see if it gets any traction from the full fed. he also says that the weather has affected the economic numbers this winter. we've seen softer economic indicators. attributed to the weather and he says the recent data hasn't deterred his outlook on the u.s. economy which is for expansion this year. back to you. sandra: all right, peter. well it is significant simply because six 1/2 had been a benchmark. >> that's right. sandra: this is indicating new benchmark. peter barnes. >> and tightening or raising interest rates. >> how long will we keep blaming the weather? probably into july. sandra: adam shapiro is in for melissa francis on "money" today. adam. adam: sandra, blame the weather on something else. t

yellen plus first testimony carefully but also don't miss the exclusive interview coming up with james bullardof the st. louis fed on "market makers" at 11:00 a.m. today. this is a look at today's top company news -- the hewlett- packard ceo wayne -- meg whitman is being sued by an angry investor. it alleges that mismanagement of activism has destroyed shareholder value at hp. toyota is recalling a majority of the hybrid prius cars. a software glitch could cause the vehicle to slow down or even bring it to a halt. no accidents or injuries have been reported related to this problem. home depot will hire more than 80,000 temporary people to prepare for springtime. that is the same number it hired in the previous two years. they say spring is our christmas. after this winter, everyone will be excited to get outdoors and plant all those flowers. coming up, you never know what to expect from the softbank billionaire ceo on we will take a look at his approach to dying to mobile -- to buy nt mobile. we will take you inside the business of trapdoors. stay "in the loop." >♪ "in there watching loop," on

louis fed president james bullard will join us as a guest host. >>> at 8:00 a.m., an exclusive interview mow buus will join us live from rio this morning. we'll get his view on the situation in ukraine .other hot spots. we start this morning with the rising tensions in ukraine. the country's central bank governor reassuring markets that it does have enough reserves to pay off critters. the prime minister says it hopes to get international financial aid in the near future to stabilize the gorn

journal," a couple of my colleagues wrote about it, talking about slack in the economy, talking to james bullardhe said we can't trust our old models. we have to be aware that the fed has done unprecedented things and inflation will rear its head. four years later, that has not happened. the consensus view has been wrong every year. >> including the federal reserve. >> exactly. i understand we're talking about a 2% forecast for the end of the year but given recent history, should we be so convinced that this is finally going to be the time that pans owe snut. >> is it different this time, matthew? >> it may be. i think the challenge for the fomc is to recognize growth may continue to be slow and inflation pressures may remain quiet or, again, that falling unemployment has been so much faster than the fed and others expected, those inflationary pressures could arrive within a quarter or two. the consensus forecast for interest rate increases still being a year to two years, may be very youoff. it will be hard to tell and we'll see what happens. >> all right. >> thank you both. that was fun. love