Harvard Economist Rogoff: Odds of 'Significant Recession' Are 'High' if Fed Tries to Lower Inflation as Fast as It Says

On Friday's broadcast of CNBC's "Closing Bell," Professor of Economics at Harvard University and former International Monetary Fund Chief Economist Ken Rogoff argued that achieving a "soft landing" where inflation comes down without a recession will be "very, very difficult" and that if the Federal Reserve "tries to bring inflation down as fast as they're talking about, the odds of a recession, a significant recession, are high."