There are limits to monetary policy: the Fed does not have the knowledge to bring about full employment, which requires flexible relative prices for allfactors of production.
Commerce does this by endeavoring to consider all of the factors of production necessary to make the product (the various materials, labor, electricity, water, and other overhead) and valuing those inputs by reference to their prices in another country.
There is absolutely nothing at all in being an entrepreneur that requires either invention or innovation: it is about the organisation of the factors of production.