Honestly, this one is genuinely uncertain, so we'd rather hand you the framework than a fake confident answer. The Fed sets policy off two things above all, employment and inflation, so the question becomes how a change like that pushes on each. - Employment. A rate-cutting cycle is often premised partly on a softening job market. If a wave of job creation offset or reversed rising unemployment, the Fed could read the economy as stronger than expected and stay less accommodative, meaning fewer or slower cuts than the market penciled in. A jobs boom, counterintuitively, can mean higher-for-longer rates. - Inflation. This cuts both ways. Genuine gains in domestic production and energy output can ease price pressure over time, which gives the Fed room. Other forces in the same policy mix, tariffs and larger deficits, can push inflation the other way, which argues for staying tight. - Timing. Any of it has to travel from proposal through Congress into law and only then into the economy, so nothing shows up immediately. Nobody knows how the full agenda nets out, and we won't pretend to. Watch the actual data as it prints, the unemployment trend and the inflation readings, because the Fed responds to those, and never to the proposals themselves. Nobody can promise where rates go from any of it.