Some investors lashed out at the Federal Reserve after it refrained from tapering quantitative easing at its meeting in September, saying Fed officials had led them to believe a tapering was coming.

Former Fed Vice Chairman Alan Blinder has a message for these complainers: get over yourselves.

"A small number of bond traders got burned by this, and when bond traders get burned they tend to blame the Fed," he told The New York Times. "They should realize the Fed is not there to please them."

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Justin Wolfers, a University of Michigan economist, agrees with Blinder. "Market professionals are whining about the Fed’s poor communication skills," he told The Times. "But the Fed has a clear statutory mandate, and keeping traders happy is not one of them."

Fed Chairman Ben Bernanke himself said after the Fed's meeting that the central bank had given no guarantee that the gathering would produce a tapering.

"I don’t recall stating that we would do any particular thing in this meeting," he said. "We can’t let market expectations dictate our policy actions."

So investors will have to adjust to the central bank's strategy.

"It looks like the Fed has done a major reset in terms of expectations on what they need to see before they start to taper," Chris Rupkey, chief financial economist for Bank of Tokyo-Mitsubishi UFJ in New York, told Bloomberg.

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