6 Fed rate cuts in a soft-landing scenario are a 'pipe dream,' Harvard economist says

• Six Fed rate cuts in a soft landing are a "pipe dream," Kenneth Rogoff told Bloomberg TV.
• In that scenario, two or three cuts are more likely, the Harvard economist added.
• "If we get a deep recession, definitely it could happen, they will cut rates a lot, not six times, they could cut rates 15 times."

Markets have been frothing with really bullish bets on Fed rate cuts, but some of those wagers are flat out wrong, a Harvard economist said.