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ormer U.S. Under Secretary of State for Economic Affairs E. Gerald Corrigan, Partner and Managing Director, Goldman, Sachs & Co.; former President, Federal Reserve Bank of New York Alain Cotta, Professor, University of Paris Michael 3 Critelli, Chairman, Pitney Bowes, Inc., Stamford Lester Crystal, NBC/RCA Gerald
Danske Bank, Copenhagen Barry F. Sullivan, First National Bank of Chicago Peter Sutherland, Chairman, BP, London; Chairman and Managing Director, Goldman Sachs International Tsuyoshi Takagi, Resident, ZENSEN (The Japanese Federation of Textile, garment, Chemical Commercial and Allied Industries Worker's Unions) Strobe
n el Registro de Valores correspondiente. Dubai: Goldman Sachs International ("GSI"} is authorised and regulated by the Dubai
rms ¢ Investment in education and training This demographic aspect of secular stagnation is undeniable. In fact, an October 2016 paper by a team at the Federal Reserve Board, “Understanding the New Normal: The Role of Demographics,””° shows that the slow pace of economic growth since 1980 and the more pronounced decline i
Page: HOUSE_OVERSIGHT_014545 →e negligible returns but come with downside risk, e.g., if the incoming Trump administration’s fiscal policy is more stimulative than we expect or if the Federal Reserve raises interest rates at a more rapid pace than we expect. As we prepared our one- and five-year annualized expected returns for this Outlook and fi
Page: HOUSE_OVERSIGHT_014554 →r month’s level of 2.9%. Headline CPI dropped to 2.3% from 2./% and Core CPI ex-food and energy remain at a low 2.2%, unchanged from the prior month. The Federal Reserve’s preferred inflation indicator, Core PCE, also remains low at 2.0% which is in line with the Federal Reserve’s target, and unchanged from the prior mo
Page: HOUSE_OVERSIGHT_026896 →tion is intended only to facilitate your discussions with the applicable Goldman Sachs entity including, but not limited to, Goldman Sachs & Co. LLC, Goldman Sachs International, Goldman Sachs AG, Goldman Sachs Bank (Europe) plc, Goldman Sachs Paris Inc. et Cie., Goldman Sachs (Monaco) S.A.M., Goldman Sachs Saudi Arabia, Gold
Page: HOUSE_OVERSIGHT_026906 →r month’s level of 2.9%. Headline CPI dropped to 2.3% from 2./% and Core CPI ex-food and energy remain at a low 2.2%, unchanged from the prior month. The Federal Reserve’s preferred inflation indicator, Core PCE, also remains low at 2.0% which is in line with the Federal Reserve's target, and unchanged from the prior mo
Page: HOUSE_OVERSIGHT_026911 →tion is intended only to facilitate your discussions with the applicable Goldman Sachs entity including, but not limited to, Goldman Sachs & Co. LLC, Goldman Sachs International, Goldman Sachs AG, Goldman Sachs Bank (Europe) plc, Goldman Sachs Paris Inc. et Cie., Goldman Sachs (Monaco) S.A.M., Goldman Sachs Saudi Arabia, Gold
Page: HOUSE_OVERSIGHT_026921 →Entities connected to both Federal Reserve and Goldman Sachs International

Jeffrey Epstein
PERSON
JPMorgan Chase
ORGANIZATION
United States
LOCATION
George W. Bush
PERSON
Eric Trump
PERSON
Donald Trump
PERSON
Prince Andrew
PERSON
New York
LOCATION
Barack Obama
PERSON
Marc Rich
PERSON
Joe Biden
PERSON
Bill Clinton
PERSON
Bloomberg L.P.
ORGANIZATION
Julie K. Brown
PERSON
Richard Kahn
PERSON
Stephen Hawking
PERSON
Lawrence Krauss
PERSON
Samantha Power
PERSONEmmy Taylor
PERSONLeon Black
PERSON