Like a junkie pleading for another fix, the financial markets tanked again last Friday after St. Louis Federal Reserve Bank President James Bullard told CNBC that he sees the Federal Reserve raising interest rates before the end of next year, a year or so before the Fed announced two days earlier that it plans to do so. This is surely ironic since in the years following the 2008 financial crisis, Bullard was one of the most dovish members of the Fed, reliably arguing for monetary accommodation long after his fellow Fed members had moved on to raising interest rates. Now it appears that Bullard, based on his comments ... (full story)