Board of Governors of the Federal Reserve System

Key Management and Principal Officers ...................................the “Plan”) for the U.S. operations of Banco Bradesco S.A. (“Bradesco”

key outcome of that review was the adoption of a new element in its 2020...key conclusions are as follows: Evaluating Inflation Targeting Strategies

key findings on how geopolitical risk shapes banks’ foreign operations...and, hence, the broader economy. We begin the analysis by compiling and

And, importantly, maintaining the commitment to restoring price stability...best course to sustain a strong labor market and an economy that works

key driver of aggregate fluctuations, as suggested by the large macroeconomic...appliances—and are only weakly correlated with other unrelated expenditures

and, where necessary, mitigating their exposure to potential increases...key underlying assumptions driving the institution’s IRR analysis; • Sufficiently

pricing, our framework shows that mergers can spread fixed debt obligations...prices, and rivals respond by raising their prices due to strategic complementarity

and, more recently, as a channel through which monetary and fiscal policies...key mechanism through which recessions inflict lasting damage on the labor

key indicator of the cyclical position of the labor market, as it is time-tested...key indicator of the cyclical position of the labor market. It is time-tested

and, where necessary, mitigating their exposure to potential increases...key underlying assumptions driving the institution’s IRR analysis; • Sufficiently