Season the beef generously on all sides with salt and pepper.
Preheat your pressure cooker on the sauté setting. Sauté the beef on all sides until you get a nice golden brown crust.
Remove the beef from the pressure cooker and set aside. Add the chopped onion and carrots to the pot. Sauté until they turn golden brown. Then, pour the beef broth into the pot.
Place the beef back into the pot and turn the cooking setting to manual for 60 minutes.
Once the hour is up, allow the pressure cooker to naturally release pressure for 10 minutes. Being careful not to burn yourself, turn the valve to the “venting” setting and release the remaining pressure from the pot. I like to use a kitchen towel to do this extra safely.
Serve the beef with your favorite vegetables or a salad. Keep the liquid and use it to make gravy!