Federal Reserve officials are likely to consider another reduction in their bond-buying program later this month, despite Friday’s weak jobs report, Federal Reserve Bank of Richmond President Jeffrey Lacker said Friday.

“It takes a lot more than one labor-market report to be convincing that the trend has shifted,” Mr. Lacker told reporters after giving a speech at the Greater Raleigh Chamber of Commerce, while emphasizing he hadn’t seen details of the December jobs report. “And in my experience one employment report rarely has an effect by itself on monetary policy.”