Federal Reserve Board Governor Kuggel absent from this week's interest rate meeting, the voting committee temporarily reduced to 11 members.

According to foreign media reports, the Federal Reserve stated that Fed Governor Kugler was absent from this week's two-day July policy meeting for personal reasons. This may mean that only 11 FOMC members will vote on this week's policy decision, instead of the usual 12. Although it is expected that Fed Governors Waller and Bowman may be the two dissenters, supporting a rate cut this month, the committee is still likely to support keeping rates unchanged by an absolute majority. According to Fed policy, if a regional Fed president is absent from voting, other presidents can serve as substitutes. However, there are no substitutes for governor positions.