Harvard Prof., Fmr. IMF Economist Rogoff: Even if Inflation, Rates Fall in Short Run, Mortgages Will 'Stay High'

On Thursday's broadcast of "CNN Newsroom," Harvard Economics Professor and former Chief Economist at the International Monetary Fund Kenneth Rogoff stated that even if the Federal Reserve is successful in bringing inflation down to 2% in the short run and short-term interest rates fall, "the mortgage rates are going to stay high, and these longer-term rates that are what affect most of us, I don't think you're going to see again what you got used to before the pandemic."