What An Actual Surprise From The Fed Would Be Like

Certainly not today’s “non-tapering” nonevent, it’s been clear to everyone but Wall Street that there will be no change in either interest rates or QE until and unless unemployment comes way down (not before 2015 at the earliest).

A surprise Fed announcement would sound like this:

“We intend to raise our inflation target to 5% until unemployment drops below 6%. Now start investing in something other than exotic derivatives and the other junk you’re foisted on America the past 25 years”.

Gorilla says: “We may one day be surprised!”

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