I don't think that the person you're replying to is implying its the Fed's fault as an organization. It is the function of people in power (both politically and in the economy) since the 80s having eroded worker's abilities to push back, so it's more an indictment of the system, not individuals strictly.

"Job Insecurity of Workers Is a Big Factor in Fed Policy"

https://web.archive.org/web/20100304170139/https://www.nytim...

The Fed has an interest, and influence, on labour conditions, if not direct legislative input.

Unemployment is the other of its dual mandates.

(Though, and crucially, not wage levels.)

The Fed is responsible for the savings rate of the average American, which is to say, it's absolutely worthless to stick your money in the bank and watch it grow, which would help starve off what they're talking about here.

The Fed is responsible for QE, including about two Trillion in purchases of Mortgage-Backed Securities [0], which has the effect of making housing more expensive than it would otherwise be. If you're a home owner or debt owner, that's good for you. If you pay rent or a mortage, that's wage suppression.

[0] https://fred.stlouisfed.org/series/MBST