ALSO READANALYSIS: Inflation fizzle may once again leave Fed rate path in doubt Fed's Kaplan would support more rate hikes if progress continues Fed's Kaplan: Three rate rises this year 'still a good baseline' Analysis - Fed, in shift, may move to faster pace of rate hikes Weak inflation erodes conviction at Fed on rate hikes
ARLINGTON, TX (Reuters) - The Federal Reserve will set a time frame for beginning to shed some of its $4.2-trillion bond portfolio "soon" but, given inflation weakness, it should hold off interest rate hikes for now, Dallas Fed President Rob Kaplan said on Friday.
"I want to make sure before we take a next step that I understand incoming data ... and that we are making progress" toward a 2-percent inflation goal, he told reporters.
(Reporting by Lisa Maria Garza; Editing by Chizu Nomiyama)
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)