Fed Says Recession Will Be "Unusually Prolonged"

My last posting referred to a paper by Carmen Reinhart and Kenneth Rogoff, in which they said that recessions stemming from financial crises are typically twice as long as 'ordinary' recessions. The Federal Reserve weighed in on the issue today, saying that recovery from the current crisis will be "unusually gradual and prolonged." My guess is that the Fed is reading the same tea leaves as Reinhart and Rogoff.