Recent weak employment reports haven't been enough to sway the Federal Reserve from reducing the pace of its monthly stimulus program, Chair Janet Yellen said Tuesday.
In her first public remarks, delivered to the House Financial Services Committee, Yellen said the central bank does not look at economic reports in a vacuum when determining its policy course.
"We have to very careful not to jump to conclusions interpreting what those reports mean," she said. "There were weather factors. We've had unseasonably cold temperatures that may be affecting economic activity in this job market and elsewhere.
"The (Open Market) Committee will meet in March. We will have a broad range of data on the economy to look at, including an additional job report," Yellen added. "I think it's important for us to take our time to assess what the significance of this is."
(Read more: Yellen sees better economy, less money printing)
The economy has been hit with consecutive weak nonfarm payrolls numbers, with just 75,000 new positions added in December and 113,000 in January. Both reports came after the Fed announced in December that it would begin paring back its then-$85 billion a month in purchases of Treasurys and mortgage-backed securities.