Fed's Fischer: Too Much Weight Placed On Fed's First Rate Hike

Reuters: Business News, Reuters: Business
Mon, 05/25/2015 - 9:45am

HERZLIYA, Israel (Reuters) - U.S. Federal Reserve Vice Chairman Stanley Fischer said it was "misleading" to give so much importance to the Fed's first interest rate hike since the process of returning to a more normal level will take a few years.

Topics: herzliya israel reuters u.s federal reserve vice chairman stanley fischer fed rate hike

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Fed's Fischer: Too Much Weight Placed On Fed's First Rate Hike

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