Harvard Prof., Fmr. IMF Economist Rogoff: 'There Will Probably Be More Accidents' as Fed Raises Rates to Fight 'Deeply Embedded' Inflation

On Tuesday's broadcast of CNN International's "One World," Harvard University Economics Professor and former International Monetary Fund Chief Economist Ken Rogoff argued that "inflation's deeply embedded in the rest of the economy." And the Federal Reserve will have to keep raising interest rates, "and there will probably be more accidents. But they don't want to end up in a situation with permanently ingrained higher inflation."