Will the Fed(s) stay the course?

The inflation bogeyman and the bond vigilantes are asking

This post on the bond vigilantes is inspired in part by my friend Kevin Muir and a post he just did over at The Macro Tourist. It's also inspired by the inflation numbers that came out of the US earlier today. The question to answer: how will the bond vigilantes respond? And what will the Fed(s) do?

Americans paid not to work

Let me start with an addendum…