0546 GMT - Federal Reserve Chairman Kevin Warsh "was successful in re-establishing confidence," Catalyst Funds' Larry Holzenthaler says after Warsh's speech at the Kansas City Fed's annual Jackson Hole symposium on Friday. "He came across as very focused on inflation and bringing it back in line with the Fed's 2% target," the senior portfolio manager says. The market seems to be reacting exactly the way the Fed wants; short-term rates are higher, while long-term rates are marginally lower following his comments, Holzenthaler adds. "Investors should clearly expect that the Fed is going to raise rates if it needs to."
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