But that has happened in past recessions, only to give way to fresh hard times.
"That is a little bit less than average" the amount the Fed has eased in past recessions, he added.
In past recessions, business school applications rose, but the recession of the 90's produced the reverse.
Unemployment has spiked since late 2000 but is significantly lower than it was at the end of past recessions.
In past recessions, some elements of the Connecticut economy have been relatively immune from hard times.
Small businesses have led our economy out of past recessions, and we need them to do it again.
"In past recessions, they have fallen by more than that," he said.
During past recessions, I've experienced the damaging effect spending cuts can have on staff motivation.
As in past recessions, the labor market has been the last to show signs of improvement.
In past recessions, the Federal deficit has been encouraged to double and even triple.