One possibility is that if they can manage to lower interest rates back to zero ish, we might see a hiring frenzy in machine learning/llm/genai, starving upstarts and free software of talent, slowing progress in custom local models? Or is this too pessimistic/ "out there" of a take that requires the stars to align just right?

Interest rates at zero and there won't be any clients for these upstarts as people will be in bread lines from their worthless money.

Some models will still trickle down; hell, better/cheaper hardware should enable to run hefty models available today, and they seem to be already okay-ish with such queries.