Employment can be influenced by monetary policy. However, many other
             factors tie in the big picture such as taxation, governmental spending
             policies, natural resources, the financial markets and new technologies and
             even war. All of these scenarios are weaved together to develop an overall
             employment picture and must therefore be considered to work with any
             monetary policies trying to address unemployment.
             Technically it is impossible to have every single individual in
             America working. It is human nature for some people to be unemployed and
             they will therefore find a way to get out of working for their daily bread,
             ah, money. However, this is not a monetary policy related response to the
             question. In regard to a monetary policy or any other governmentally
             sponsored policy creating an unemployment rate of zero percent, I do not
             feel it is possible based on the before mentioned items and the social
             implications for a mandated full employment. No monetary or governmentally
             created policy could create an unemployment rate of zero percent.
             If I was in the position of chairperson of the Federal Reserve, I
             would ask the question if this impossible zero percent unemployment figure
             would be a good or bad thing for the economy' As chairperson, my monetary
             policy would the goal of promoting efficient output and employment so as
             promote stable prices. Historically, inflation has tended to rise and fall
             based on our nation's unemployment rate. Even though it is difficult to
             gage, there is a fluctuating ideal unemployment rate that can be considered
             a practical minimum for our economy to prosper. Unemployment rates of the
             past that have been extremely high or low have had direct effects on the
             nation's inflation rates. The real dilemma has historically been when those
             unemployment rates have not fluctuated to the extreme highs or lows and
             have basically remained near intermediate ...