Richard Shelby
The Public Record
Richard Shelby is a former United States Senator from Alabama, serving from January 3, 1987, until January 3, 2021. A member of the Republican Party, Shelby was known for his work on various committees, including Appropriations and Banking, Housing, and Urban Affairs. Throughout his tenure, he focused on issues such as military funding, economic development, and infrastructure improvements in Alabama.
Section 1608 of the 2015 National Defense Authorization Act (NDAA) sets 2019 as the cutoff date for using Russian rocket engines for national security launches.
I believe the Fed should remain committed to its current accommodative policy until it sees clear evidence that shows a consistent improvement in wages.
I firmly believe the Fed should not raise rates until wages are back on a steady trend.
However, one alternative measure that seems to fully capture a better sense of labor force participation is the U6 measure that lists total unemployed and underemployed at 11.3 percent as of January 2015.
I think it is a prudent decision for our broader economy as well as middle-class families across the country to wait until wages really begin to rise.
I and many of my colleagues have been calling for greater accountability and more effective disclosure for years.
One real goal must be to have a Federal Reserve that works for all Americans, to have a strong economy that benefits low-wage workers and the middle class as much as the wealthiest.
To me the single biggest problem the country faces is the decline of middle-class incomes.
The role of Congress is not to serve on the Federal Open Market Committee, but it is to provide strong oversight and, when times demand it, bring about structural reforms.





