Fed's Guynn: Probability of deflation 'very low'

Federal Reserve Bank of Atlanta President Jack Guynn said Monday the U.S. faces little chances of falling into the same deflationary trap that has ensnared Japan. His comments are broadly in line with many central bankers who have spoken in recent months on the prospect of falling prices.

"I think the probability of falling into deflation is very low" largely due to the structural differences between the U.S. and Japanese economies, Guynn told attendees at the Buckhead Rotary Club in Atlanta.