Fed must protect inflation credentials-Guynn

The Federal Reserve must heed signs of brewing inflation to protect its key weapon against price pressures - its credibility, a top Fed official said on Friday.

Click here to read the speech "Quest for Sustainable Growth" on the Atlanta Fed's web site

"Recent developments on the price front warrant significant attention in our analysis and policy debates," Atlanta Fed President Jack Guynn told an audience from the real estate industry.

"Given the economic growth and rising prices now unfolding,