  Rate coefficients for photorecombination (PR) and cross sections for
electron-impact ionization (EII) of Fe$^{14+}$ forming Fe$^{13+}$ and
Fe$^{15+}$, respectively, have been measured by employing the electron-ion
merged-beams technique at a heavy-ion storage ring. Rate coefficients for PR
and EII of Fe$^{14+}$ ions in a plasma are derived from the experimental
measurements. Simple parametrizations of the experimentally derived plasma rate
coefficients are provided for use in the modeling of photoionized and
collisionally ionized plasmas. In the temperature ranges where Fe$^{14+}$ is
expected to form in such plasmas the latest theoretical rate coefficients of
Altun et al. [Astron. Astrophys. 474, 1051 (2007)] for PR and of Dere [Astron.
Astrophys. 466, 771 (2007)] for EII agree with the experimental results to
within the experimental uncertainties. Common features in the PR and EII
resonance structures are identified and discussed.
