Federal Reserve Governor Kugler temporarily dropped to 11 this week due to private absence
According to online reports, according to foreign media, the Federal Reserve said that Federal Reserve Governor Kugler missed the two-day July policy meeting held this week due to personal matters. That could mean only 11 FOMC members will vote on this week's policy decisions, rather than the regular 12. Although Federal Reserve Governor Waller and Governor Bowman are expected to become two dissidents who support lowering interest rates this month, the committee should still support keeping interest rates unchanged with an absolute majority. According to Fed policy, if a local Fed president votes absentee, other presidents can vote as replacements. However, there are no replacements for the council seat.
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