Fed Governor Kugler will be absent from this week's interest rate meeting due to personal reasons, temporarily reducing the number of voting members to 11.

PANews reported on July 30th that, according to foreign media reports, the Federal Reserve stated that Fed Governor Kugler will be 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 decision, rather than the usual 12. Although Fed Governors Waller and Bowman are expected to be the two dissenters who support a rate cut this month, the committee is still expected to vote by a supermajority to maintain interest rates.