Harvard University economics professor Kenneth Rogoff told FOX Business that once the Fed raises interest rates, it may be difficult to ‘control’ the economy.
Harvard University economics professor Kenneth Rogoff provides insight into how the Fed raising interest rates will impact inflation.
Meanwhile, the Harvard economist noted that multiple tumultuous events are impacting the U.S. economy, in addition to the fact that the Fed "let inflation get out of hand." "There's not just what the Fed is doing. The shutdowns in China, [and] their COVID policy, which is a political problem. It's hard to overstate how bad that is, they slow growth," Rogoff explained.
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