The Fed Has Four New Voters This Year. They May Complicate Trump’s Push for Lower Rates

Fed is likely to lower rates only two more times, even under Trump's next chair pick: CNBC Fed survey

Forecasters don't believe the next Fed chair installed by President Donald Trump will drive down overnight rates towards the low levels demanded by the president.

The Fed has four new voters this year. They may complicate Trump’s push for lower rates

President Donald Trump could announce his nominee for the next Federal Reserve chair as soon as this week, and has signaled that his pick must push for significant interest rate cuts. But whoever he chooses will face a new policymaking committee — and one that could be even more resistant to slashing rates.