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.

In addition, he said, “The economy is looking pretty good. It is still reasonable to review QE2 in the coming meetings, especially this April meeting, and see if we want to decide to finish the program or to stop a little bit short, referring to the second round of so-called quantitative easing”.

At the same time, there has been no indication from the Chairman Ben S. Bernanke regarding deviating from the plan to buy bonds through June to spur economic growth.

Avoiding revealing Fed’s next step after finishing the $600 billion of purchases, Bernanke said that he wanted to see a sustained period of stronger job creation. He opines that the job market has improved only slowly after spending and production have been encouraging on balance.

There is no doubt that the economy this year is stronger than last year but still the situation is surrounded by uncertainties of Japan, political tensions in the Middle East, the U. S. fiscal position and the European sovereign debt crisis.