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Global Business News

The Economic Times

Global Business / The Economic Times

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The Fed is heading for an F on a $7 trillion test

Trump's financial appointees dismiss climate change's economic impact, but trillions have already been lost to disasters, with costs escalating. Global central banks recognize climate policy as financial policy, while the Fed under Trump's nominees risks falling behind. Ignoring escalating climate-related financial risks could lead to permanent, exponential losses.

10 Feb 2026 3:52 pm