Rogoff: Ultra-low interest rate era ends with Biden and Trump

According to Harvard Professor Kenneth Rogoff, the US debt level is at risk of rising to dangerous levels under both Joe Biden and Donald Trump. Another prediction that market interest rates will not return to very low levels came from Harvard Professor of Economics Kenneth Rogoff. According to Rogoff, the US debt level is at risk of rising to dangerous levels under both Joe Biden and Donald Trump. According to Rogoff, who told Bloomberg TV that “there is generally a very relaxed approach to debt levels in Washington,” the “free lunch” era created by ultra-low interest rates is over. Rogoff, who also served as the IMF chief economist in the past, predicted that increasing debt levels would create fluctuations in inflation and interest rates, and that political pressure on the Fed would also increase. On the other hand, Trump, who is running for president, has taken action to shape his cabinet. According to sources familiar with the matter, Trump has floated the idea of appointing hedge fund founder and manager John Paulson as Treasury Secretary.