In November of 1994 the Federal Open Market Committee (FOMC) of the Federal Reserve convened to discuss monetary policy. The following is the civilian unemployment rate and the effective federal funds rate data during that time period:

FRED * Effective Federal Funds Rate Civilian Unemployment Rate 6.2 6.0 5.8 5.6 Percent 5.4 5.2 5.0 4.8 4.6 Nov 1994 Dec 1994 Jan 1995 Feb 1995 Mar 1995 Apr 1995 May 1995 Jun 1995\fFRED * Effective Federal Funds Rate Civilian Unemployment Rate 6 Percent May 1993 Jul 1993 Sep 1993 Nov 1993 Jan 1994 Mar 1994 May 1994 Jul 1994 Sep 1994