Fed's July meeting's voting capacity drops to 11

On July 29, Federal Reserve Board member Adriana Kugler will be absent from this week's policy meeting for personal reasons, which means the number of voters for this rate decision will be reduced to 11. Although Board members Waller and Bowman may cast dissenting votes in support of rate cuts, the committee still has sufficient majority to maintain interest rates unchanged. Board seats have no substitutes, while governor positions can be replaced. (Jinshi)