FXStreet (Mumbai) - The Federal Reserve Vice-Chairman Stanley Fischer said in his prepared remarks before the Asia Economic Policy Conference at the San Francisco Fed, that the US central bank has left no stone unturned to prepare markets for the first rates lift-off in almost a decade, although reiterated that no precise timing of the rate hike has been decided. Key Quotes: "In the relatively near future probably some major central banks will begin gradually moving away from near-zero interest rates.” "We have done everything we can to avoid surprising the markets and governments when we move, to the extent that several emerging market (and other) central bankers have, for some time, been telling the Fed to 'just do it.'" On China and commodity outlook, he noted, "China is for some time likely to continue to grow faster than the rest of the world and thus to produce an increasing share of global output," adding that "its growth will result in its playing a more decisive role in the international economy and in international economic institutions". "While the path ahead for commodity prices is, as always, uncertain, declining investment rates in emerging Asia, particularly China, present the prospect of a prolonged decline in the growth rate of commodity demand." "And prices could remain low for quite some time, which seems particularly true for metals, such as copper and steel, used heavily in construction and investment." "For one, trade growth is unlikely to resume its rapid pace of recent decades, and the long climb in commodity prices, which has benefited commodity producers, appears to have come to an end." For more information, read our latest forex news.