Time to change people? The direction of interest rates may be about to shift… Donald Trump’s latest comments: If Jerome Powell does not step down on time, he could be directly fired, and the related investigation would not be stopped. At the same time, he released a key signal—once Waller takes over, the Federal Reserve’s interest rates may move downward. On the surface, it’s a personnel issue; in essence, it’s a shift in monetary direction. Interest rates are the “pricing anchor” for all assets. When this anchor starts to loosen, many things will be re-priced.