ATLANTA, Jan. 9 (Reuters) - Federal Reserve Bank of Atlanta President Jack Guynn on Monday said the U.S. economy was on track for a third consecutive year of good growth in 2006, and it was essential policy-makers keep inflation risks at bay.
Guynn, who is a voting member of the Fed's policy-setting committee this year, also said that as the central bank got closer to ending its campaign of raising interest rates, the direction of policy would be less clear.
"The closer we get, the less explicit we can be on that point. One reason is that we don't yet know the full economic effect of the policy moves we have already made," Guynn told a luncheon hosted by the Rotary Club of Atlanta.
"So in the months ahead, we'll have to watch the data very carefully to make sure that growth is still on track and inflation expectations are well anchored," he said.
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