US Federal Reserve to slow down stimulus effort
The US Federal Reserve has announced a slowdown in its effort to boost the US economy.
The central bank said it planned to scale back its $85bn (£51.8bn) a month bond buying programme by $10bn a month.
Stimulus of this kind is designed to lower interest rates and boost economic activity.
Chairman of the Federal Reserve, Ben Bernanke, announced: "Today's policy actions reflect the committee's assessment that the economy is beginning to make progress, but it also has much farther to travel before conditions can be judged normal."
18 Dec 2013
- From the section Business