Subject: The Fed shouldn’t be afraid of growth
From: "Bloomberg View" <[email-masked]>
To: <[email-masked]>
Date: Wed, 31 May 2017 05:02:01 -0400 (EDT)

.footer .iOSLink a {       color: #666666 !important;       text-decoration: none !important;     }      @media only screen and (max-device-width: 480px) {       body {         padding: 10px !important;       }       .one-column p,       .one-column li {         font-size: 19px !important;         line-height: 29px !important;       }     }A daily digest of opinions and analysisNote to Fed: Sustainability Is In the Eye of the BeholderThe Federal Reserve plans to keep pulling back on economic stimulus this year, but not because it wants to control inflation. Instead, the central bank adopted an anti-growth approach years ago — and former Minneapolis Fed president Narayana Kocherlakota says it’s sticking with it at its peril.The World Bank Has Bigger Problems Than Bad WritingEveryone hates jargon-filled reports, so let’s give some credit to Paul Romer, chief economist of the World Bank, for launching a doomed crusade to make researchers write better. But Noah Smith says the lender has a more existential threat to address: The developing nations it was founded to help no longer depend on it for financing.Germany Is the Silicon Valley of Political InnovationIf Donald Trump is going to disrupt the global order, Angela Merkel is well-positioned to respond, Tyler Cowen argues: Germany has mastered the art of political innovation, and its talent is sorely needed on the world stage now.The Future of America’s Shoe Obsession Is MaleU.S. men spent more than $26 billion on footwear last year alone, up 10 percent from 2014; if current trends continue, sales of men’s shoes will soon surpass women’s. Virginia Postrel takes stock of the cultural shifts driving what might be called the Great Footwear Convergence.Before it’s here, it’s on the Bloomberg Terminal. Find out how the Terminal delivers information and analysis that financial professionals can’t find anywhere else. Learn more.Ritholtz’s ReadsHow to be your own quant (Wall Street Journal)Why the construction industry may be robot-proof (Strategy+Business)Passive investing is worse than … the misuse of antibiotics (Financial Times)(Read Barry Ritholtz’s full daily news roundup here.)Bloomberg GadflyBritish Airways’ weekend from hellStore-killer Amazon shows that retail still mattersRussian oil majors and the problem with privatizing OPEC(Read more from BV’s sister site for fast business commentary.)Bloomberg L.P. ● 731 Lexington Avenue, New York, NY 10022Web ● Facebook ● TwitterFeedback ● Unsubscribe

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