david: that was brad stone with jeff holden. coming up come a conversation andreessen.orningstar conference in austan goolsbee is our guest. that is coming up next. ♪ david: this is "bloomberg markets." americans are not letting a hiring slump slow them from going shopping. -- prevent them from going shopping. does this put fed policymakers --a patch for a rate hike path fora rate hike -- a rate hike? , thank austan goolsbee you for joining us. the fed forecasting model is broken and we are waiting for things to go back to normal. ?hat is normal, then austan: for the next 24 months, we are in this not quite comfortable but affordable situation that we are transitioning what industries will be the drivers to growth. the thing that is broken is the model that says it will be the american consumer that will go -- it will being residential housing that will lead u.s. recovery. i don't think those things will happen. the u.s. savings rate will remain high by historical standards. to plugwe will have of modest 2%period growth. vonnie: will it be that american consumers are sp