Spot On

Yesterday, I said that the market's reaction to the "divided Fed" on when qualitative easing would end was a classic head fake.

Spot on.

Today, CNBC is reporting:

The Federal Reserve's "very aggressive" easy money policy is going to stay that way for a "long time," St. Louis Fed President James Bullard told CNBC on Friday.

"This is a monetary policy that packs a punch," said Bullard, who's a voting member on the Federal Open Market Committee (FOMC).

Uncertainty about the future of the central bank's bond buying program has weighed on the stock market in recent days.