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Global stocks edged higher while the dollar rose and the price of gold plunged after Trump announced his pick of Warsh, who markets perceive as someone who would support lower rates but who would stop well short of the more aggressive easing associated with some of the other potential nominees.
"I built (up) the military in my first term, and now we have a group headed out to a place called Iran, and hopefully we won't have to use it," Trump told reporters at the premiere of a documentary about his wife Melania.
ASEAN opened its first foreign ministers’ talks of the year in Cebu, the Philippines, on Wednesday under the lingering shadow of unresolved South China Sea disputes and mounting doubts over the fate of a long-promised regional code of conduct (COC).
The White House is also evaluating whether the Customs and Border Protection (CBP) agents who gunned down a nurse failed to follow "clear guidance" to "create a physical barrier between the arrest teams and the disruptors," deputy chief of staff Stephen Miller told AFP.
President Donald Trump on Tuesday said the United States and South Korea will work out a solution when asked about his surprise Monday announcement that he would increase tariffs on imports from the Asian ally to 25 percent.
