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

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Despite the expected arrival of a new Trump-appointed Federal Reserve chair in coming months, respondents to the CNBC survey are only forecasting modest changes to the funds rate over the next two years. The results, which mirror pricing in Fed Funds futures market, show that neither Wall Street nor economic forecasters believe that the next Fed chair will drive down overnight rates towards the low levels demanded by the president. The survey shows the average outlook is for two more quarter-