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Fed Statement Shakes World Markets

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Fed Statement Shakes World Markets

Business

Fed Statement Shakes World Markets

Fed Statement Shakes World Markets

  • Download
  • <iframe src="https://www.npr.org/player/embed/1623731/1623732" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

The Federal Reserve sparked a sell-off in world financial markets Wednesday, after tweaking the phrasing of its interest-rate policy. Fed policy makers decided to keep interest rates at current lows, but removed the phrase "considerable period" in describing how long they will continue to do so. Hear NPR's Jack Speer.

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