Goolsbee: Growth to Be Around 2% for Next 12-24 Months

The video discusses the challenges in economic forecasting, highlighting the broken models that rely on consumer spending and housing investment for growth. It suggests a shift towards export-led and innovation-driven growth. Historical precedents show slow recovery post-crisis, and the Federal Reserve's cautious approach to rate increases is examined. The US economy needs to adapt to sustainable growth models amidst global uncertainties.

What does the speaker suggest about the normalization of economic growth and interest rates?

What concerns does the speaker express regarding the Federal Reserve's potential actions?