This makes a (pretty huge) assumption that the characteristics of this recession will match the last one. But the underlying fundamentals appear to be very different, so far.
... indeed, to the point where there is still debate about this actually is a recession. NBER, for example, have not yet called it (likely on account of the employment situation, which is very non-recession-like).
Take what theses official mouthpieces say with a pinch of salt, because part of their box of tools is jawboning on TV. Fake it till you make it policymaking.
