This would not be a case of misusing a tool (a frequent occurrence in trade policy when interest groups lobby for protection against foreign competition); rather, it would be a case of using the tool in precisely the intended way. This is worth bearing in mind, given that the Fed’s adoption of QE in 2008 (which it continued to pursue until last year) had the effect of weakening the dollar from 2009 to 2011, prompting the same accusations of “beggar thy neighbor policies” against the US that congressmen now level against others.