«The memories of the most recent and very painful recession still may be too fresh for most companies to return to the type of decadent parties that were more common prior to the economy's meltdown,» Challenger said. (entrepreneur.com)
From an economic standpoint, he foresees inflation fear and Fed tightening, which will be followed by a painful recession. (businessinsider.com)
He has navigated a painful recession while leading the Fed's sweeping efforts to stabilize the nation's troubled financial industry. (nytimes.com)