mrspoonsi writes: BBC Reports: 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. The Fed's governing committee cited stronger job growth as a reason for the decision to pullback its programme of bond buying. The Fed's decision to begin to ease its extraordinary stimulus efforts also indicates that the central bank believes that the US economy has finally strengthened enough that it no longer needs as much support.