Harvard economist Kenneth Rogoff expressed surprise at the high cost of groceries, despite his expertise in inflation.

During an appearance on “Mornings with Maria,” Rogoff noted that while inflation is declining, prices continue to rise, which he finds difficult to accept.

He emphasized that prices likely won’t decrease, even as inflation eases.

Rogoff also commented on the Federal Reserve’s approach, predicting internal disagreements about the next steps, with some economists suggesting a significant interest rate cut in September due to rising recession fears, Fox Business has reported.

Rogoff believes achieving the Fed’s 2% inflation target soon without triggering a recession is unlikely.

Written by B.C. Begley