It is too consistent.

The Germans are critical of the Fed's quantitative easing and criticisms of China's exchange rate policies. From the Financial Times:

In the wake of the Fed’s move, Wolfgang Schäuble, German finance minister, said that the US policy was “clueless”. “It is not consistent when the Americans accuse the Chinese of exchange rate manipulation and then steer the dollar exchange rate artificially lower with the help of their [central bank’s] printing press,” Mr Schäuble said this month.

It is too consistent. Quantitative easing may help force China to revalue. Any increase in inflation in the US as a result of QE will be exported to China if its exchange rate remains fixed. It can tighten capital controls rather than revalue, but this is difficult to do. It can impose price ceilings on food and other sensitive items, but this is a stopgap measure that is doomed to failure. Ultimately revaluation is the only sensible policy.

Paul Krugman has a good takedown of the China-Germany-Republican "axis of depression." Why is it that Republicans hate Europeans so much when it comes to a VAT but act just like Germans on the subject of monetary policy? Whatever the reason, Democrats should be hammering the Republicans hard on this. Every time they criticize Republicans on macroeconomic policy, they should be sure to lump them with China and Germany. As in: "We call on the Congressional Republicans and the Chinese government to respect the Federal Reserve's independence and support America's efforts to restore growth."