Richard Shelby: “Madam Chair, we have talked about this privately before, but does the Fed still use the Phillips rule in a lot of its…”

As Senator Shelby at our Senate testimony hearing last March pointed out to us, we must maintain what we have before we can build new, and I think he hits the mark head-on.

Russia's launched multiple hypersonic weapons as part of their invasion of the Ukraine and China is continuing to develop its own hypersonic weapons.

Regrettably, this was all predictable and avoidable.

A lot of people, including this Senator, believe that the request is not enough considering the problems in the world.