Federal Reserve Chair Kevin Warsh said the Fed's dot plot is drawn in pencil and can be erased.

China's mission to the EU said it is strongly dissatisfied and firmly opposed to the EU's decision to add Chinese firms to a new round of Russia sanctions and has lodged a stern protest. It accused the EU of ignoring prior Chinese objections, said the measures lack UN Security Council authorization and an international-law basis, and warned it will take all necessary measures to protect the legitimate rights of Chinese companies; China reiterated its stated support for a political settlement of the Ukraine crisis.

White House official says President Trump has signed a memorandum of understanding with Iran.