This paper introduces Retarded Consistency Field Theory (RCFT), a theoretical framework in which the present is not treated as a primitive instantaneous state, but as the realized configuration that minimizes delayed structural inconsistency with admissible prior histories. Instead of assuming that physics fundamentally proceeds by local update rules acting on a given present, RCFT reverses the order: the present itself is selected through a retarded consistency principle. Effective dynamics then appears as an emergent approximation of repeated consistency resolution over delayed informational structure. The paper develops the formal basis of this idea through a variational construction with a retarded kernel and a mismatch functional, derives the corresponding stationarity conditions, and shows how ordinary-looking motion laws can arise in the smooth-kernel limit. It further explores three physically important directions: dynamic corrections to inertial response under high non-consistency driving, branch selection and coherence loss as consistency-cost ordering, and the arrow of time as a consequence of retarded kernel asymmetry rather than a primitive temporal assumption. RCFT is presented not as a completed replacement for existing mechanics, but as a candidate ontological sublayer in which law-like evolution is secondary to delayed consistency resolution. The framework aims to provide a new structural language for inertia, persistence, coherence, temporal directionality, and the realization of the present itself.