Federal Reserve Chair Kevin Warsh said the central bank will not be comfortable with inflation above 2% and is committed to delivering price stability in the US. Speaking at a European Central Bank forum in Sintra, Portugal, Warsh noted that inflation expectations and risks have come down over the first four months of the period. He also stressed the Fed's independence, saying there will be no changes on that front regardless of political pressure. Warsh reiterated his determination not to offer forward guidance on interest rates, saying he wants a good debate when officials meet in four weeks.