The Fed Underestimated the Impact of Oil Price Decline on the US Economy

Ike: The fed underestimated the impact of oil price decline on the us. Economy when they piked rates, which have to be a thro dollar an negative on commodity pricesthey misjudged what was going on in two respects. Ike: High oil prices are an unadulterated good thing for financial assets and markets,. Yet, if you they get up too high, right? You demand destruction in the real economy. Not a good thing.