The US economy is on the verge of recession. The White House is stepping up pressure on the Federal Reserve to weaken the overvalued US dollar. Lots of countries are taking measures to contain unwanted growth of national currencies. Indeed, a weaker national currency is beneficial to domestic manufacturers. They invoice goods and commodities for export in the US dollars, whereas a government draws up a budget and makes public spending in a national currency. The US has never adopted this approach which could have derailed exports and fiscal revenues of the economies reliant on commodity exports. Actually, no one has ever had an excuse to label the US as a currency manipulator. However, the looming crisis forces the US monetary authorities to revise its rhetoric. The coronavirus pandemic has put the US economy in jeopardy. Complaining about the overvalued dollar, the US President used to target the central bank for monetary policy which reinforces the greenback. Now amid economic and trade disruptions, the firm US dollar deprives US manufacturers of competitive advantage. The US leader urges the central bank to do something about the overvalued dollar. Besides, Donald Trump stated that the national economy would be able to reopen ahead of schedule. According to the cautious scenario, the US economy needs 3-4 months to fight the coronavirus. The President declared that the American economy “was not built to be shut down”.