Two officials of the Federal Reserve indicated today their support for continuing interest rate cuts. Chicago Fed President Austan Goolsbee stated that there is no reason not to continue lowering rates unless there is compelling evidence of economic overheating; Minneapolis Fed President Neel Kashkari remarked that it is reasonable for the central bank to consider another rate cut in December. (Background: Nomura Securities predicts: Fed will pause rate cuts in December, only two rate cuts next year... High uncertainty with Trump's presidency) (Additional context: Powell's hawkish stance 'no rush to cut rates' leads Bitcoin to drop to $86,600, and US stocks fall; October PPI shows inflation remains sticky) The Federal Reserve (Fed) has cut rates three times since September this year, lowering the benchmark rate to a range of 4.50%-4.75%. Currently, opinions among institutions and Fed officials about whether to cut rates again in December are mixed. On Tuesday (26th), both Fed officials expressed support for continuing rate cuts. Bloomberg reported that Chicago Federal Reserve Bank President Austan Goolsbee stated today that he expects the Fed to continue cutting rates, taking a stance that 'neither restricts nor promotes economic activity.' 'Unless there is some compelling evidence of economic overheating, I see no reason not to continue lowering the federal funds rate,' Goolsbee added. He noted that the pace of rate cuts will depend on the economic outlook and conditions, 'but for me, it is clear we are on a path that will lead to lower rates, closer to what you call the neutral rate.' He indicated that his forecast for the neutral rate is close to the median of the Fed officials' estimates in the September dot plot, which is 2.9%. Powell's hawkish stance this month: hinting at cautious rate cuts Given the ongoing economic resilience in the US and recent strong inflation data, several Fed officials have urged a cautious approach towards future rate cuts. Fed Chairman Powell hinted at a cautious approach to rate cuts earlier this month. The economy is not signaling any urgent need for rate cuts, and the better economic conditions allow us to act cautiously in our decision-making. Last Thursday, Goolsbee reiterated his support for further rate cuts and expressed openness to acting at a slower pace. Fed rate policymakers will have more data to digest before the meeting on December 18, including the Fed’s preferred inflation indicators and non-farm payroll reports. Personal Consumption Expenditures (PCE) inflation data will be released this Wednesday. Goolsbee emphasized the importance of not 'drawing excessive conclusions' from one month's data. 'I think the overall situation is that inflation has often been below expectations in recent months but has not been far above the 2% target.' Kashkari: Considering a rate cut in December is reasonable On the same day, Minneapolis Federal Reserve Bank President Neel Kashkari more clearly supported a rate cut in December, stating that it is still reasonable for the central bank to consider another cut in December. 'As far as I know today, a 25 basis point cut in December is still a reasonable debate for us.' He continued by indicating that in the face of rising rates, the resilience of the economy suggests that the neutral rate, which neither impacts nor stimulates economic growth, may now be higher. He also expressed confidence that inflation is gradually declining, and the labor market remains strong. However, last month, Kashkari stated that if inflation unexpectedly rises in the coming month, the Fed might reconsider whether to pause rate cuts at the December meeting. It is worth noting that with Trump's election this month, his tax and immigration policies have heightened uncertainty in the US economy. The FedWatch tool shows that the market's bets on the Fed cutting rates in December have significantly decreased, with the probability of a cut now at 57.4%, while the probability of pausing rate cuts has risen to 42.6%. Extended reading: CPI will be released tonight) Fed official Kashkari: If inflation unexpectedly rebounds, December may pause rate cuts Source: FedWatch Related reports Powell stands firm: Trump forcing him won't make him resign, the election won't affect Fed rate decisions... But will there be a change in December's rate cut? JP Morgan warns: Trump's victory = inflation storm resurgence, Fed may pause rate cuts in December Bitcoin challenges $90,000 fails 'drops below $88,000', former Fed hawk: Rate cuts may decrease after Trump takes office, US stocks fall Arthur Hayes: I am more optimistic about Solana than ETH, the election result is not important 'Fed rate cuts' are key "Federal Reserve officials support continuing to lower rates, Fed hawkish bigwigs also admit: December rate cut is reasonable" This article was first published in BlockTempo (the most influential blockchain news media).