The hawk in the house isn’t pleased. Philly Fed President Charles Plosser, a veteran central-bank official who has publicly opposed the Fed’s latest accommodative efforts, says many of his colleagues are too focused on how markets react in the short-term to Fed stimulus, as opposed to taking longer, more pragmatic views. “Monetary policy shouldn’t be a day trader,” Plosser said Thursday morning in an interview with Dow Jones Newswires and The Wall Street Journal. “I don’t think that’s a healthy focus for central banks…Policy making is too focused on short-term and not long-term views.” In recent years, investors have ... (full story)