Harvard University Professor Kenneth Rogoff discusses the future trajectory of real interest rates, asserting they will remain elevated for an extended period. In his recent statements, Rogoff highlights concerns about the fragility of the Federal Reserve’s independence. He warns that rising debt levels in the U.S. coupled with inflation pressures could pose significant challenges for monetary policy. Understanding the implications of these high interest rates is crucial for investors and policymakers alike as they navigate an increasingly complex economic landscape. Rogoff’s insights are particularly timely as they shed light on the interrelationship between government debt, inflation, and the strength of the U.S. dollar. As the Fed grapples with balancing these factors, his forecasts may influence market expectations and investment strategies moving forward.