/biz/ - Business & Finance

So here's what I do understand
>FED does QE
>FED buys Treasuries from banks
>The money the FED pays the banks is stored in Federal Reserve accounts
>The Bank now has increased reserves to lend against (they can lend out more money)
>The banks are not required nor compelled by any law to actually lend out these increased reserves

That being said, why are the only things showing evidence of inflation
>student loans
>housing prices
>medical costs
>stocks

Ultimately, I don't understand what drives the rise of equity/asset prices in this environment and why the money doesn't spill over into the plebian economy.

In lieu of actually explaining, if you have any good sources that I can read about it, I'd appreciate it.