Guynn: Rates must return to neutral

Low US interest rates must be brought back to a more neutral level and if they stay down for too long financial market excesses can build, Atlanta Fed chief Jack Guynn said on Tuesday 30 March.

"We need to get rates to a more neutral level. That's as far as I am willing to take it. We (Fed funds rates) are at historic lows and we need to get back to a more neutral level," Federal Reserve Bank of Atlanta President Jack Guynn told a development forum.

"If you keep it (rates) too low for too long