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Fed Chair Jerome Powell
Federal Reserve Chair Jerome Powell holds a press conference in Washington, D.C., the United States, Sep. 20, 2023.

Aaron Schwartz/Xinhua via Getty Images

  • The Federal Reserve in December forecast three interest rate cuts in 2024.
  • In a "60 Minutes" interview, Fed Chair Jerome Powell said nothing has "dramatically" changed since.
  • The first cuts may come as early as May, but Powell did not explicitly state a timeline.

In a "60 Minutes" interview on Sunday, Fed Chair Jerome Powell said that the Federal Reserve's December 2023 forecasts for three interest rate cuts this year remain the same.

Tags
economy, interest-rates, Fed, Inflation, insider-news
Source
Powell says Fed still expects to make 3 interest rate cuts this year