Guynn on US growth and monetary policy

In a speech on 'Sustainable Growth and Monetary Policy' given on 24 March, Jack Guynn of the Federal Reserve Bank of Atlanta said low US interest rates must rise as the economy gathers steam, and while that point has not yet been reached, businesses and markets should prepare for that day.

"The Fed has good reason to maintain its accommodative policy, at least for now. But if my forecast for more robust economic growth materializes, then, at some point, a fed funds rate of 1.00 percent will

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