In August 2020, the Fed announced it would no longer focus on the natural rate of unemployment as a target given the difficulty in forecasting this rate.

a. True
b. False



Answer :

A sheerness shshhdbdbdbdhdbdd
B) False

The statement is inaccurate. In August 2020, the Federal Reserve announced a shift in its monetary policy framework to target average inflation over time rather than aiming for a specific unemployment rate. This change was part of the Fed's efforts to provide more accommodation to the economy during periods of low inflation and high unemployment.