Fed's Guynn says price pressures won't be ignored

U.S. inflation has "stayed in a relatively narrow band" but the Fed will not take its eye off the ball, President of the Federal Reserve Bank of Atlanta Jack Guynn said in an interview with Bloomberg News published on Thursday 9 September.

"I don't think we can, even now, completely ignore the fact that we've had some return of pricing power in some companies and some industries," he told Bloomberg News in an interview.

Guynn said if the central bank decides to act, monetary policy would still