Federal Reserve Chair Warsh spoke at the European Central Bank Forum, where he emphasized the importance of the Fed's political independence and signaled a focus on inflation. There are differing reports on Warsh's comments regarding inflation risks, with some outlets suggesting he believes they are declining, while others quote him as saying the Fed will not be comfortable with inflation above 2%. The chair's remarks on interest rates were reportedly brief, but he is said to be committed to bringing down inflation.