Did You See the Fed Chair on "60 Minutes?"

Jerome Powell still expects three rate cuts this year – it just might take a little longer to start cutting.

The Federal Reserve Chairman spoke at length to “60 Minutes” in an interview that aired Sunday. Notably, he indicated March might be too soon for rate cuts to begin.

The interview came on the heels of a surprising labor report last Friday, which showed the economy added 353,000 jobs in January. That figure was roughly twice what economists had predicted.

Rate hikes are still off the table and three cuts are in the 2024 forecast, but strong hiring and wage growth could delay when the Fed starts cutting.

Watch the interview here.