Shares slide on Federal Reserve warning
16:58, 22 September 2011
LONDON. September 22. KAZINFORM Global shares have fallen sharply after the Federal Reserve gave a stark warning about the state of the US economy and announced limited measures designed to boost growth.
The Fed warned of "significant downside risks" as it announced a bond swap programme designed to keep long-term interest rates low.
Major European markets all dropped in morning trading, with the FTSE down 4%, and the Cac-40 down 4.32%.
On Wednesday, the Dow Jones fell 2.5%, BBC News said.
Details also at http://www.bbc.co.uk/news/business-15014843