August 11, 2017 / 3:57 PM / 3 months ago

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

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.

FILE PHOTO - A police officer keeps watch in front of the U.S. Federal Reserve in Washington, DC, U.S. on October 12, 2016. REUTERS/Kevin Lamarque/File Photo

“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

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below