Fed chair Jay Powell said yesterday that President Trump's tariffs had lifted inflation forecasts and were keeping rates on hold. Joining us now for more on the Fed and the US economy, David Malpass, former World Bank president and now distinguished fellow of international finance and inaugural fellow of global business and infrastructure at Purdue's Business School. David, great to have you with us. Hi Melissa, good to be on. Um, where do you think rates would be had it not been for the tariffs? Would we b ...

Investment Rating - The report does not explicitly provide an investment rating for the industry. Core Insights - The Republic of Yemen is facing severe humanitarian and development crises exacerbated by climate change, with a projected GDP growth of 2% in 2024, still significantly lower than the 2014 GDP of USD 22.7 billion [18] - The assessment identifies key climate-related health risks, including food insecurity, waterborne diseases, vector-borne diseases, heat-related morbidity, and risks from flooding [84] Section Summaries Section I: Climate - Yemen's climate is characterized by extreme temperatures and variable rainfall, with an average national warm season maximum of 36.5°C and annual rainfall averaging 190 mm [33][34] - The mean annual temperature has increased by 0.42°C per decade from 1971 to 2020, with projections indicating further increases under high greenhouse gas emission scenarios [35] - Floods are the most significant climate hazard, accounting for 87% of economic losses from natural disasters between 1971 and 2013 [49] Section II: Climate-Related Health Risks - The report assesses six primary climate-related health risks, including food insecurity, waterborne diseases, vector-borne diseases, heat-related health issues, direct exposure to floods, and risks to health infrastructure [84] - Yemen ranks as the 11th most food-insecure country globally, with 17 million people food insecure as of 2022 [90] - Waterborne diseases have been exacerbated by climate-related hazards, with a history of cholera outbreaks affecting millions [102] Section III: Adaptive Capacity and Readiness - The report discusses the need for improved leadership and governance, health information systems, service delivery, and financing to enhance adaptive capacity [31][32] - The assessment highlights the importance of targeting vulnerable populations, particularly internally displaced persons, to increase resilience against climate impacts [21][22] Section IV: Proposed Actions - Proposed actions include strengthening health information systems, improving health service delivery, and enhancing health financing mechanisms to address climate-related health risks [40][41][42] - Further research is recommended to better understand the economic costs of health impacts due to climate change [43]