Fed’s Daly Says Statement Language Is Less Important Than Action

Federal Reserve Bank of San Francisco President Mary Daly downplayed division among policymakers over the central bank’s policy statement, signaling she wouldn’t have dissented against it as some of her voting colleagues did.

“I think the phrasing of the statement is less important than the actions” of the Fed’s rate-setting committee, Daly said Thursday in an interview on Bloomberg Television. “The real signal about the meeting is that everyone agreed to the decision.”

Policymakers broadly supported the decision to hold interest rates steady last month, but three officials dissented over wording in the post-meeting statement that suggested the Fed would ...