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

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Reuters WASHINGTON
Last Updated : Jun 15 2017 | 1:22 AM IST

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)

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First Published: Jun 15 2017 | 1:13 AM IST

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