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: