What does Warsh's nomination as Fed chair mean for anyone trying to buy a home, finance a car, or simply keep pace with rising prices?

Sen. Bill Hagerty (R-Tenn.) joins 'Squawk Box' to discuss President Trump's Fed chair nominee Kevin Warsh, impact on the future of the Fed, state of the partial government shutdown, and more.

In many ways President Donald Trump's decision to pick former Federal Reserve governor Kevin Warsh to head the central bank is a relatively orthodox choice. To many, he is not the ardent interest rate slasher the U.

If confirmed, Trump’s Fed-chair nominee would face several treacherous balancing acts.

Kevin Warsh’s long-held desire to slash the Federal Reserve’s balance sheet is likely to clash with Donald Trump’s relentless calls for the central bank to depress long-term borrowing costs, big fund managers have said.

It’s far from clear that lowering short-term borrowing costs would trigger a hiring boom that would boost the president’s approval rating.

Trump’s Fed chair pick spent over a decade working for the billionaire investor, who instilled in him a relentless trust in data.

Strategist Mike Wilson believes Warsh will serve as a credibility anchor for the current government’s monetary policy.