On "What's Moving Your Money with Spencer Hakimian," Spencer responds to President Trump's call to fire Fed Governor Lisa Cook, and what this shocking act means for markets.
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0:00 - Introduction: Trump Fires a Fed Governor
0:42 - The Fed's Dilemma: Protect Independence or Avoid a Legal Battle?
1:44 - An Unprecedented Move in 110 Years
2:43 - The Irony: Trump's Actions Are Causing Rates to Rise
3:37 - Market Reaction: The Dollar Plunges & Gold Spikes
5:02 - Market Reaction: Treasuries Fall & Stocks are Confused
6:30 - Setting a Dangerous Precedent (The 'Gavin Newsom Test')
7:51 - The High Price of Losing Fed Independence
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