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

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)