By Michael S. Derby June 17 (Reuters) - Federal Reserve Chairman Kevin Warsh announced on Wednesday a wide-ranging project to review key aspects of central bank policy making, in a move that indicated any near-term moves to change how the Fed manages its massive stock of bonds lay well off in the future.

The Federal Reserve held interest rates steady and officials readied for higher borrowing costs, as inflation fears dominated Kevin M. Warsh’s first meeting as chairman of the central bank.

After his first meeting as leader of the Fed’s policymaking committee this week, Warsh left no doubt that he means to make a difference.