Question: Can the Fed permanently increase employment? "The Federal Reserve is obsessed with inflation, so much so that it ignores the fact that millions of American workers are unemployed. We need a Fed that fights for American jobs. We need a Fed that views any unemployment as too much unemployment, rather than worrying about whether inflation is 2% or 3%." In a one page essay, discuss the merits and demerits of this viewpoint, using graphs and equations when helpful.