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.<br /><br />Read the full story on Forbes: <br /><br />0:00 - Introduction: Powell Signals a Rate Cut at Jackson Hole<br />0:38 - Why Markets Roared After Powell's Speech<br />1:47 - The Dollar Falls Amid Questions of Fed Independence<br />2:38 - Warning: Rate Cuts Don't Always Lower Borrowing Costs<br />3:19 - The Downside: A Falling Dollar is an 'Extra Tariff'<br />4:44 - Will a Weaker Dollar Actually Help US Exports?<br />5:51 - Get Ready for Massive Data Revisions<br />7:06 - A Dangerous Parallel to 2007: Are Rate Cuts Actually Bullish?<br />8:36 - Conclusion: Rate Cuts Are a Symptom, Not a Solution<br /><br />Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br /><br />Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br /><br />https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br /><br />Stay Connected<br />Forbes newsletters: https://newsletters.editorial.forbes.com<br />Forbes on Facebook: http://fb.com/forbes<br />Forbes Video on Twitter: http://www.twitter.com/forbes<br />Forbes Video on Instagram: http://instagram.com/forbes<br />More From Forbes: http://forbes.com<br /><br />Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
