Why is printing currency (USD) very bad for the 9% (really 18%+) unemployment rate in the US?
Because the USD is not only under imminent threat to be further devalued, it also has a 100% uncertainty in near-term relative value in any direction with regard to anything.
Suppose you owned a business that dealt with the planet Earth. Not just your home town in Lubbock TX, but the entire world... a little bit like Texas Instruments for example.
Which would be better for your business financially... hire a US employee and make a one-year commitment in the USD with all the overhead expenses... or... hire an employee in Asia, for example, and purchase a currency derivative (put, etc.) at the same time -- as a small insurance premium to define your risk?
Especially when you know that a currency move in the US would prompt a similar currency move where you made the hire and you would come out on top anyway? (Remember, your revenue normally does not originate in USD today, especially with 20% of US folks unemployed.)
You would not need to be in the business of rocket-science to quickly make that decision.
If US FED policy dictates that the US gets screwed, then probably the US will get screwed.
Uncle Ben with his "team" needs to go back to selling converted rice as in 1950 when a few of his ideas still had some relevance.
