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Fed to soon shed bonds, should hold off rate hikes -Kaplan

Reuters  |  ARLINGTON, TX 

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 weakness, it should hold off hikes for now, Dallas President Rob 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 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.)

First Published: Fri, August 11 2017. 21:22 IST