Atlanta Fed's Guynn set to retire

Jack Guynn, president of the Federal Reserve Bank of Atlanta, announced Thursday 22 June that he plans to retire effective from 1 Oct 2006.

A statement from the Atlanta Fed said that after 42 years of service, Guynn, who turns 64 later this year, plans to focus more of his energy on the community and civic work in which he has been involved, as well as other interests.

"Retirement will also allow him more time in the near term to devote to recovery and rehabilitation from arthritis-related surg