[Institution: The Federal Reserve may become the scapegoat for the weakening U.S. job market] Rice Bank foreign exchange strategist Nicholas Kennedy stated that U.S. President Donald Trump is fully aware of the political considerations behind the White House's legal actions against the Federal Reserve. He said that as recent U.S. employment figures show, despite Trump's apparent success in the economy, the basic situation is not as favorable for most people. Employment numbers in many industries are declining, and unemployment is rising. He noted that since Trump took office, the number of unemployed has increased by 700,000. He added that under such circumstances, the Federal Reserve has become 'a very convenient scapegoat.' (Sina Finance)