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posted: 1/30/2013 2:30 PM

Fed cites "pause" in growth, stands by stimulus

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  • The cast of voting members on the Federal Reserve's policy committee is changing this year, but their policies probably won't be as Chairman Ben Bernanke, seen here, will likely retain a solid majority on the 12-member committee for his drive to keep interest rates low well into the future.

      The cast of voting members on the Federal Reserve's policy committee is changing this year, but their policies probably won't be as Chairman Ben Bernanke, seen here, will likely retain a solid majority on the 12-member committee for his drive to keep interest rates low well into the future.
    ASSOCIATED PRESS

 
Associated Press

The federal reserve says growth "paused" in recent months and reaffirmed its commitment to boost a sluggish u.s. economy by keeping borrowing cheap for the foreseeable future. the fed stood behind aggressive steps it launched in december to try to reduce unemployment.

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