No, the more likely reason is that the Fed still continues to badly underestimate inflation.
Never ignore hands and feet, and never underestimate the gear needed to cover them.
And one should never underestimate the tendency of a U.S. CEO to get rid of workers.
Don't underestimate the importance of having a single organization at the center of the crisis.
Research shows that women chronically underestimate their value and chronically identify lesser incomes as fair.
Debt owed to the public will reach 77% of GDP by 2020--and that's probably an underestimate.
Did you underestimate how hard it would be to change the way Washington works?
He later apologised and insisted HMRC did "not underestimate the distress caused to taxpayers".
And yet, most companies continue to underestimate the speed and impact of these changes.
Executives--and human beings in general--tend to either over- or underestimate the importance and impact of obstacles.
Certainly, Democrats should not underestimate the speaker, nor should his opponents within the GOP.
At the same time, never underestimate the power of winning and playing in big markets.
We should not underestimate the importance of union survival, although I realize that many would disagree.
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But never underestimate its willingness or ability to exercise regulatory authority under other existing laws.
Never underestimate the power of Improvisation to turn an unpopular change into a winning strategy.
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As terrestrial beings, it is easy for us to underestimate our dependence on the global ocean.
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Again, however, we should not underestimate the technical and information requirements of conducting such exercises effectively.
Zambrano does not underestimate Asia's problems nor the time it will take to resolve them.
But prosperous times also cause us to underestimate the future damage of new, well-promoted regulations.
But forecasters almost certainly underestimate the jobs and productivity growth from the next great tech cycle.
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Still, it is hard to underestimate the appeal of expanding economies, particularly in the current environment.
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Their mistake: to underestimate the power of the Internet's distributed technology to evolve with demand.
Immigration is unpopular in rich countries because people overestimate its costs and underestimate its benefits.
"We don't want to underestimate the Italians, but of course Spain are fantastic, " Gerrard said.
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That looks expensive - but we mustn't underestimate the sheer power of the iPad brand.
But it would be a mistake to underestimate her own will to reach the top.
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No one should underestimate the effects of the power of language on presidential reputation.
"We can't underestimate the importance of getting CAP reform right for the rural economy, " she said.
This is a man who does not underestimate the strength of the Franco-German alliance.
The rich countries also seem to underestimate the risks that fiscal austerity poses to domestic demand.
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