2015 US Interest-Rate Rise ‘An Expectation, Not A Commitment,’ Federal Reserve Vice Chairman Stanley Fischer Says

U.S. Federal Reserve policymakers are still likely to raise interest rates this year, but that is “an expectation, not a commitment” and could change if the global economy pushes the U.S. economy further off course, Federal Reserve Vice Chairman Stanley Fischer said. “Both the timing of the first rate increase and any subsequent adjustments to the federal-funds-rate target will depend critically on future developments in the economy,” Fischer told a group on the sidelines of the International Monetary Fund meeting in Peru.