![How Did the Fed Conclude the Real Unemployment Rate Was 10% in January? Mish Talk](https://i0.wp.com/kolozeg.org/wp-content/uploads/2021/03/an-economists-asked-me-how-did-powell-MBdQDX.png?resize=795%2C385&ssl=1)
Last month, Fed Chair Jerome Powell calculated the unemployment rate at 10%. A reader wants to know how Powell made that determination.
Last month, Fed Chair Jerome Powell calculated the unemployment rate at 10%. A reader wants to know how Powell made that determination.
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