Is making a keyboard shortcut for toggle between fonts possible?

[A.N.G.]

I'd like to be able to quickly switch between two fonts or font colors
without breaking my stream of typing, just as I can go between styles
(italicized, bold, etc.) while typing. Is it possible to make a shortcut
that will do this?

 

[Suzanne S. Barnhill]

You can define a character style and assign a keyboard shortcut to it.

 

[Jay Freedman]

I'd like to be able to quickly switch between two fonts or font colors
without breaking my stream of typing, just as I can go between styles
(italicized, bold, etc.) while typing. Is it possible to make a shortcut
that will do this?

Yes, it is. Follow the instructions in
http://www.word.mvps.org/FAQs/Customization/AsgnCmdOrMacroToHotkey.htm except in
step 2 select the Fonts category instead of "All commands".

 

[A.N.G.]

Thanks for your answers.

I did what Ms. Barnhill suggested, but when I switch styles it changes my
entire paragraph to the new style.
Mr. Freedman's suggestion works for changing fonts in mid-paragraph, but I
wasn't able to figure out how to switch colors using his way.

 

[Suzanne S. Barnhill]

It appears that you have created a paragraph style rather than a character
style. See the beginning of http://sbarnhill.mvps.org/WordFAQs/StyleRef.htm
for instructions on creating a character style. I assure you I routinely use
character styles to format the font and other formatting of text (both
selected text and text yet to be typed).