July 15 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

-Chairman of the Federal Reserve Kevin Warsh told the House Financial Services Committee the central bank would set policy right to reverse the inflation surge of the last five years.

-U.S. Treasury's assistant secretary for tax policy and chief counsel at the Internal Revenue Service, Ken Kies is set to leave the government.

-Artificial intelligence drug startup Chai Discovery raised $400 million in a new funding round that values the company at $3.8 billion.

-U.S. electrical grid operator PJM Interconnection, which covers 13 states in the Mid-Atlantic and Midwest regions, reported results of its latest annual capacity auction with power prices holding near record highs at about $325 per megawatt-day.