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

Federal Reserve Board Chairwoman Janet Yellen speak during a news conference after the Fed releases its monetary policy decisions in Washington, U.S., June 14, 2017. REUTERS/Joshua Roberts

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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