Federal Reserve Governor Kugler's personal absence temporarily reduces the number of members in the interest rate committee to 11 for this week's meeting

Golden Finance reported that according to foreign media, the Federal Reserve stated that Federal Reserve Governor Kugler was absent from this week's two-day July policy meeting due to personal matters. This may mean that only 11 FOMC members will vote on this week's policy decisions, instead of the usual 12. Although it is expected that Federal Reserve Board members Waller and Baumann may become two dissenters who support lowering interest rates this month, the committee should still overwhelmingly support keeping interest rates unchanged. According to the policy of the Federal Reserve, if a local Federal Reserve governor is absent from voting, other governors can participate as substitute candidates. However, there is no substitute for the seat of director.