Federal Reserve Chairman Kevin Warsh doubled down on the central bank's commitment to bring down inflation in his first comments since his inaugural press conference two weeks ago.

"We've all looked around, and we've seen that prices are too high," Warsh said on a panel in Sintra, Portugal, at the European Central Bank forum on central banking.

"If there were people in the household or the business sector and the financial markets who thought that this central bank was going to be comfortable with an inflation objective above 2%, well, I guess they'd be disappointed. We're going to deliver price stability in the US," he added.

When asked whether the Fed will do what it needs to rein in inflation regardless of President Trump's desire for low rates, Warsh said, "We've been an independent central bank for a very long time. We're going to be an independent central bank at this moment, and you're going to see no changes on that."

Warsh also said the Supreme Court's ruling in favor of Fed governor Lisa Cook and the strong stand it signaled on Fed independence this week reaffirms that the Fed doesn't have to worry about politics or judicial intervention and can focus on its mandate.

But his candor stopped there, as he repeatedly deflected questions that attempted to elicit clarity on his policy plans or his views of the economy.

Warsh made a splash two weeks ago when he came out markedly more hawkish than markets expected, repeatedly affirming the Fed's commitment to price stability. At the forum on Wednesday, he noted that expectations for inflation over the first four months of the period have fallen, as have inflation risks.

Read more: How jobs, inflation, and the Fed are all related

Oil prices have plunged since President Trump announced a tentative deal with Iran, but there have been stops and starts in negotiations and renewed strikes from both sides, raising questions about the path of energy prices and subsequent impact on inflation. At the same time, artificial intelligence appears to be pushing up inflation. "Core" inflation, which excludes volatile food and energy prices, has also moved higher.

The Fed's preferred inflation gauge, the Personal Consumption Expenditures index excluding volatile food and energy prices, rose to 3.4% in May, the highest level since October 2023.

Fed officials see inflation rising 3.6%, compared with 2.7% previously, on a headline basis. On a core basis, officials see inflation at 3.3%, compared with 2.7% previously.

Read more: How the Fed rate decision affects your bank accounts, loans, credit cards, and investments 

Warsh on Wednesday reiterated his determination not to offer guidance about the outlook for interest rates.

"I said I'm not going to give forward guidance because we're meeting in six weeks, but I have an update for you, we're meeting in four weeks," Warsh said.

"I want us to have a good family fight … When we get into that room and shut the door, we're going to have a good debate, but I don't have much more for you than that," he said.

Warsh repeated comments from two weeks ago that financial markets and the real economy work best when the Fed isn't spoon-feeding policy steps, noting that while that worked during the 2008 financial crisis, it's not necessary now.

Warsh also doubled down on his views that he wants a smaller balance sheet and that interest rates are the best primary method for conducting policy.

"It's always struck me that interest rate policy is the fairest of the broad constellation of our citizens," he said. "Interest rate policy, whether we move it up or down, transmits its way into a new mortgage, [and] credit card debt transmits its way through a lending channel and credit channel."

Warsh wouldn't tip his hand on the impact of artificial intelligence and whether it's inflationary, only noting that it's now being seen in the demand side of the economy and that he's "confident we're going to see it in supply at some point."

"It's up to the central bank to decide whether it's inflationary, whether in fact it finds its way into a broader set of goods," Warsh said.

Warsh noted that over the past four quarters, structural productivity in the US has been in the high 2% range and that potential growth appears to have trended up.

"History says that we go from periods of low productivity to periods of high productivity," he said. "Nothing is in the bank at this time of consequence, but if the last four quarters are an indication, which is really largely before the advent of the new surge in what artificial intelligence can do, I think there's reason to be optimistic."

Jennifer Schonberger is a veteran financial journalist covering markets, the economy, and investing. At Yahoo Finance, she covers the Federal Reserve, Congress, the White House, the Treasury, the SEC, the economy, cryptocurrencies, and the intersection of Washington policy with finance. Follow her on X @Jenniferisms and on Instagram.

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