While addressing some reporters in Marseille, France, St. Louis Federal Reserve Bank President, James Bullard suggested policy makers to review the need of curtailing a plan to buy $600 billion in Treasury securities as he was of opinion that U. S. recovery might not need that much stimulus.

James Bullard, the president of the St. Louis Federal Reserve Bank and a new member of the Federal Open Market Committee (FOMC), said in a Monday suggestion that the central bank can help foster economic growth by keeping short-term interest rates low till 2012.