While it's true the Fed didn't begin policy rate increases until 2.5-3 years after the end of...

|By:, SA News Editor

While it's true the Fed didn't begin policy rate increases until 2.5-3 years after the end of each of the past two recessions, which would mean staying put until early 2012, Fed's Bullard says criticism the Fed kept rates too low too long earlier this decade will weigh heavily in its policy deliberations. Here's his presentation on the recovery, phase I (.pdf).