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Article 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.

ASSOCIATED PRESS

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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.