Leading economic historian Barry Eichengreen of the UoC, Berkeley, said that the Fed chief Janet Yellen and the other voting members of the board should seriously think about increasing interest rates amid falling commodity prices. "I would have thought a few times before acting", - says Eichengreen in an interview to Bloomberg.

Low commodity prices have a significant impact on deflation, as the commodity exporters are under pressure of this situation. Some analysts believe that sudden cheapness of raw materials has been a key factor in the Great Depression. Central banks declare that they are ready to do "everything possible" to stabilize markets, in this case it will be possible to save raw materials prices against shocks.

The industrial sector in the US is now not in a good shape, besides low prices of raw materials may have an impact on exports and further worsen the situation in this industry. "The industry in the US is weak, but all could be even worse. This will happen when the world news will keep a negative background", - continues to argue Eichengreen. Difficulties may start if the paces of the US economy will begin to fall. Then, the Fed will not be able to start easing policy, which could lead to finding new, unusual ways out of the situation. Such developments do not need anyone. We do not need such incidents. However, Eichengreen still does not exclude the rate hike at future Fed meeting, which will take place on December 15-16. "Officials are still able to convince us that the economy is growing and there is no serious risks for the moment to justify a rate increase. But is not quite true", - he said.