The euro falls on talk of more easy money. Trump hits back on Twitter

The European Central Bank signaled Tuesday that it could return to printing money to boost its flagging economy, a potential reversal of policy that drew an immediate rebuke from President Donald Trump.

ECB President Mario Draghi said in a speech that he was open to boosting monetary stimulus if economic conditions in Europe don’t improve.

He said that the ECB stands ready to use all tools at its disposal, which could include interest rate cuts and the revival of quantitative easing, which involves creating new money to buy assets such as government bonds.

“In the absence of improvement, such that the sustained return of inflation to our aim is threatened, additional stimulus will be required,” he said in Sintra, Portugal.

Draghi’s remarks sent European stocks higher and drove the euro down almost 0.3% against the dollar.

They also provoked a reaction from Trump, who complained on social media that the weaker euro made it “easier” for Europe to “compete against the USA.”

“They have been getting away with this for years, along with China and others,” Trump said on Twitter, referring to Europe.

Interest rates in Europe are already negative and at record low levels. The central bank only ended its huge bond purchase program in December.