Institution: The Federal Reserve may become the scapegoat for the weak job market in the United States.

Les Bank's foreign exchange strategist Nicholas Kennedy said that US President Donald Trump is fully aware of the political considerations behind the White House taking legal action against the Federal Reserve. He said that as recent US employment data shows, despite Trump's perceived success in the economy, the basic situation is not so good for most people. Employment in many industries is decreasing and the number of unemployed is increasing. He said that it can be confirmed that since Trump took office, the number of unemployed people has increased by 700,000. He added that in this situation, the Federal Reserve has become "a very convenient scapegoat".