Morning papers round-up, Thursday 19 April

The FT leads with the US Federal Reserve's decision to slash interest rates for the fourth time in four months yesterday - a move which, says the FT, signalled the central bank's intensifying concern about the rapid deterioration of the US economy. The Fed's policy-making open market committee is said to have voted in an unscheduled session to cut its key policy instrument, the target for the federal funds rate charged on overnight loans between banks, by a half-point to 4.5 per cent. The Bank of England's Monetary Policy Committee is reported to be considering another interest rate...