Jerome Powell cited low inflation as a justification for potentially lowering interest rates
Contributing factors include slowing economic growth, trade disputes, previous rate hikes and rising labour costs
The monetary policy report noted increased uncertainty in the economic outlook
Strong performance could complicate the Fed’s rate decision
The president announced his planned nominations in a tweet on Tuesday
Consumer confidence slipped, but remains high
Experts share their insights
The European Central Bank says it stands ready to cut rates if needed
Federal Reserve makes its rate announcement on Wednesday
The stock market has risen in 11 of the Fed's last 16 rate cut cycles