Bernanke's fallacy

It is as follows:

asset price increases are good, but wage price increases are bad.

 Take a look at three asset classes that FRB policy has contributed significantly to price levels in recent years:

Crude oil prices represent at least partly easing monetary policy, and crude is an asset only to large institutions.

Using a search engine will make it clear that the FRB doesn't want equities to drop.

The FRB is explicitly supporting housing prices through its policies and statements.

Now take a look average hourly earnings of all private employees:

This is a small increase relative to the changes in asset prices shown above.  Of course, FRB policy is explicitly design to minimize wage price increases.