The Federal Reserve should continue to taper its bond-buying program. despite the weak December employment report released Friday, Goldman Sachs' chief economist told CNBC on Friday.
Cold weather accounted for about 50,000 lost jobs in December, while the economy added 74,000 jobs and the unemployment rate dropped to 6.7 percent, Jan Hatzius said.
Analysts had expected to see 200,000 new jobs. The report needed to clear a "high hurdle" to derail the Fed's plan to scale down its asset purchases, Hatzius said.
Last month, the Fed announced that it would taper its $85 billion monthly asset-purchasing by $10 billion in January and continue unwinding the program through 2014.
Hatzius said he expects another $10 billion reduction in February, adding that only an unemployment rate increase and much weaker household survey data could have forced the Fed to change course.
"You would have had that discussion in a little more in earnest," he said on "Squawk on the Street."