Fed's Fischer: Markets should be ready for hikes
May 26, 2015 at 12:30 PM EDT
Federal Reserve moves to raise interest rates could lead to more market volatility, but overall the impact should be manageable, the Fed's vice chairman said on Tuesday. Stanley Fischer, in prepared remarks, said markets should not be surprised by the timing or pace of rate hikes. Last week, Fed Chair Janet Yellen reiterated that the Fed was on track to raise rates...