WASHINGTON (AP) — New Federal Reserve Chair Kevin Warsh said Wednesday that the central bank would remain independent and seek to bring down inflation, likely foreclosing the rate cuts President

New Fed Chair Kevin Warsh held rates steady at his first FOMC meeting but signaled a potential hike as inflation hits 4.1%, the highest in three years.

New Federal Reserve Chair Kevin Warsh said Wednesday that the central bank would remain independent and seek to bring down inflation, likely foreclosing the rate cuts President…