Fed ready to raise rates this year - Guynn

US - The Federal Reserve may start reversing its series of 11 interest rate cuts if a stronger-than-expected recovery this year rekindles inflation concerns, says Jack Guynn, president of the Federal Reserve Bank of Atlanta.

He reiterates a forecast he made last month that the economy will recover to about a 3 percent growth rate by the middle of the year.

Mr Guynn also does not see the collapse of Enron and subsequent erosion of investor confidence in some companies as a risk to the economy.

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