Member of the Fed's board of governors noted that inflation is slowing even as growth and hiring remain solid
Central bank foresees three rate cuts next year
Wednesday's rate announcement follows an inflation report on Tuesday
Federal Reserve expected to hold interest rates at December meeting
U.S. prices were unchanged from September to October
The remarks on Tuesday suggested the Fed's outlook for interest rates may have decisively shifted in the past few months
Most economists say they think the central bank is done raising rates
Cheaper gas slowed overall price increases
Still, the Federal Reserve chair didn't rule out another increase
Leaves the door open to further rate hikes if inflation pressures should accelerate in the months ahead