Go to the St. Louis Federal Reserve FRED database and find data on the unemployment rate in the following states: Kentucky (KYUR), North Dakota (NDUR), Alaska (AKUR), New York (NYUR), Alabama (ALUR), Texas (TXUR), and the national unemployment rate (UNRATE)

a. For the most recent month of data available, determine which of those states had the highest, and which had the lowest, unemployment rate; how do these compare to the national average?

b. Given your answer to part (a), what does this say about the need for all twelve Federal Reserve district presidents to participate in the FOMC meetings?