Is the Fed risking its inflation-fighting credibility by waiting too long to raise rates? Stephen Miller examines the case for further tightening, the lessons of past inflation shocks and why an already skittish bond market may be losing patience.

Is the Fed risking its inflation-fighting credibility by waiting too long to raise rates? Stephen Miller examines the case for further tightening, the lessons of past inflation shocks and why an already skittish bond market may be losing patience.
