Kansas City Fed President Esther George warned that the U.S. central bank had harmed its credibility by delaying a highly anticipated reduction in monetary stimulus this week, but another official argued it had been the right thing to do. St. Louis Fed chief James Bullard, defending the decision, said low inflation meant the central bank could be patient in deciding when to act, although the prospects for tapering would pick up if payroll and unemployment data brightened further.
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