Top Federal Reserve member sees 10% jobless rate in the US
A top US central banker has said that the unemployment rate in the country could jump above 10% this 
year.
Richard Fisher, a member of the Federal Reserve’s interest-rate setting committee, said the central bank would use “every tool” to fix the economy.
The jobless rate rose to 8.5% in March, while 5.1 million jobs have been lost since the US recession began in December 2007.
A US unemployment rate of 10% would be the highest since June 1983.
‘Mess’
The total number of unemployed people stood at 13.2 million in March, according to figures from the Department of Labor last week.
“Our economy faces a tough road. We are the central bank of the largest economy in the world, and we are duty bound to apply every tool we can to clean up the mess that our financial system,” Mr Fisher said in Tokyo.
Keep reading at BBC.com
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