Sentence:  The economist does not look for a drastic switch in the budget during this recovery and believes it `` even more unlikely that the Federal Reserve will aggressively tighten monetary policy in the early phases of the upturn as <WSD>was</WSD> the case in 1958 '' . 
Meaning of the word marked with <WSD> tags:  happen, occur, take place; this was during the visit to my parents' house"