On "What's Moving Your Money with Spencer Hakimian," Spencer shared his unvarnished reaction to Fed Chair Jerome Powell's Jackson Hole speech, which has seen markets roar.
Read the full story on Forbes:
0:00 - Introduction: Powell Signals a Rate Cut at Jackson Hole
0:38 - Why Markets Roared After Powell's Speech
1:47 - The Dollar Falls Amid Questions of Fed Independence
2:38 - Warning: Rate Cuts Don't Always Lower Borrowing Costs
3:19 - The Downside: A Falling Dollar is an 'Extra Tariff'
4:44 - Will a Weaker Dollar Actually Help US Exports?
5:51 - Get Ready for Massive Data Revisions
7:06 - A Dangerous Parallel to 2007: Are Rate Cuts Actually Bullish?
8:36 - Conclusion: Rate Cuts Are a Symptom, Not a Solution
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