Philadelphia Fed president notices that Fed is rigging markets

``"The problem is not just inflation risk down the road," Plosser said in a speech last week in Newark, Delaware. "Prolonged efforts to hold interest rates near zero can lead to financial market distortions and the misallocation of resources." Plosser, who doesn't vote on the FOMC this year, dissented from the Fed's decisions in August and September to increase stimulus, citing higher inflation and lower unemployment in 2011.''