New Federal Reserve Chair Kevin Warsh has emphasized the central bank's independence. He indicated that the bank will focus on reducing inflation. This stance may rule out rate cuts that President Donald Trump has been seeking.

Warsh made these comments at a conference in Sintra, Portugal. His remarks suggest that the central bank will prioritize its own goals over external pressures.

Further details on Warsh's plans and their potential impact are available from the source. For now, it is known that the new chair is committed to the bank's independence and tackling inflation.