According to foreign media reports, the Federal Reserve said that Federal Reserve Governor Kugler was absent from the two-day July policy meeting this week due to personal reasons. That probably means only 11 FOMC members will vote on this week's policy decisions, compared to 12 unconventional ones. Although it is expected that Federal Reserve Governor Waller and Governor Bowman may become two dissidents supporting interest rate cuts this month, the committee should still support keeping interest rates unchanged with an absolute majority of results. According to the Federal Reserve's policy, if one local Federal Reserve governor is absent from voting, other governors can participate in the voting as an alternative candidate. However, there is no replacement for the board seat.

According to foreign media reports, the Federal Reserve said that Federal Reserve Governor Kugler was absent from the two-day July policy meeting this week due to personal reasons. That probably means only 11 FOMC members will vote on this week's policy decisions, compared to 12 unconventional ones. Although it is expected that Federal Reserve Governor Waller and Governor Bowman may become two dissidents supporting interest rate cuts this month, the committee should still support keeping interest rates unchanged with an absolute majority of results. According to the Federal Reserve's policy, if one local Federal Reserve governor is absent from voting, other governors can participate in the voting as an alternative candidate. However, there is no replacement for the board seat.