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Split Among Fed Speakers Leaves September Rate Outlook Murky

  • Fed speakers give no sign of unity ahead of next decision
  • Officials are offering different interpretations of same data
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Former Fed Official Stern on Fed Communication

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The more that Federal Reserve officials speak, the more confused investors and economists become.

Fed Governor Daniel Tarullo repeated his cautious assessment of the economy during an interview Friday on CNBC television, while Boston Fed President Eric Rosengren argued there was a reasonable case for gradual tightening. Their remarks, ahead of the Sept. 20-21 meeting of the policy-setting Federal Open Market Committee, illustrate divisions on the FOMC that don’t help clarify what officials will decide.