Federal Reserve Governor Kugler was absent from this week's interest rate meeting, temporarily reducing the number of votes to 11
2025-07-29 21:14:11
On July 30th, according to foreign media reports, the Federal Reserve said that Federal Reserve Governor Kugler was absent from the two-day July policy meeting held this week due to personal affairs. This may mean that only 11 FOMC members will vote on this week's policy decisions, instead of the regular 12. Although it is expected that Federal Reserve Governor Waller and Governor Bowman may become two dissidents in favor of lowering interest rates this month, the committee should still support keeping interest rates unchanged by an absolute majority. According to Federal Reserve policy, if there is a local Federal Reserve president who is absent from the vote, other presidents can participate in the vote as substitutes. However, there are no substitutes for board seats.
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