TechFlow reported on January 15 that Nicholas Kennedy, foreign exchange strategist at Lloyd's Bank, said Trump is fully aware of the political considerations behind the White House's legal actions against the Federal Reserve. He pointed out that, as recent U.S. nonfarm payrolls data showed, despite Trump's apparent economic achievements, the actual economic situation for the general public is not optimistic, with job losses across multiple industries and rising unemployment. Kennedy stated that since Trump took office, the number of unemployed has increased by 700,000. In this context, the Federal Reserve has become "a very convenient scapegoat." (Jinshi)
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