Fed interest-rate patience is not unlimited, according to Atlanta Fed President Jack Guynn.(Economy: how supply managers see high-tech business)(Brief Article)

Purchasing, April, 2004

* Fed interest-rate patience is not unlimited, according to Atlanta Fed President Jack Guynn. If a high rate of economic growth pans out, the central bankers may consider raising interest rates, Guynn told business students at East Tennessee State University. "It is indeed a luxury to have an inflation environment in which policymakers can be patient in ensuring the economy has gained a solid footing.

That said, luxury comes with a price tag, and patience is not unlimited," he remarks.