system
Given the following post, respond as if you're commenting on Reddit:
human
If this was 1636, would The Fed step in to buy tulips?

Does “Price stability” still apply? Some jobs were probably lost too yeah?
gpt
The purpose of central banks isn't to maintain asset or commodity prices, it's to ensure that the economy in general, and currency in particular, is in a state that we want it to be in. For example, when the fed buys bonds, the purpose isn't to make bonds more expensive, it's to lower interest rates to stimulate inflation.