The number of voters at the Fed's July meeting dropped to 11 people, and Kugler was absent due to personal reasons.

Adrienne Kuegel, Federal Reserve Governor, will be absent from this week's policy meeting for personal reasons, meaning the voting members for this interest rate decision will be reduced to 11. Despite the possibility that Governors Waller and Bowman may vote against rate cuts, the committee still has enough majority to maintain the interest rates. There are no substitutes for governor positions, but the chair position is substitutable.