Fed likely to buy entire $600 billion in plan: Bullard

Yesterday, the need to use the full $600 billion was doubted. This doubt was flashed across the newswires in regular intervals. This perception, in turn, supported the dollar and the smashing of nearly every commodity and non-dollar ‘play’. This included the stock market. Truth be told, $600 billion won't be enough. When further economic sluggishness demands more monetary injections, a similar doubting game will emerge to provide cover for paper control.

A top Federal Reserve official said on Wednesday the central bank is likely to follow through on its entire $600 billion bond buying program based on an anticipated weak economic recovery.

"As the forecast looks right now it looks like we'll be purchasing at this pace through the end of the second quarter to add up to $600 billion," St. Louis Federal Reserve Bank President James Bullard told reporters on the sidelines of a conference.

Source: finance.yahoo.com