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Fed could start reducing balance sheet 'relatively soon' - Yellen

Reuters  |  WASHINGTON 

WASHINGTON (Reuters) - The Federal Reserve could begin trimming its holdings of bonds "relatively soon," Fed Chair Janet Yellen said on Wednesday."We could put this into effect relatively soon," Yellen told a news conference, referring to the Fed's plan to reduce reinvestments of maturing securities later this year. (Reporting by Jason Lange; Editing by Chizu Nomiyama)(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Thu, June 15 2017. 01:13 IST
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