Good Friday morning. Welcome to Squawk on the Street. I'm Carl Kintania with Leslie Picker live at Post 9 of the New York Stock Exchange. Sarah Eisen is off today. This hour of the president set to swear in Kevin Warsh as the 17th chair of the Federal Reserve. Ceremony takes place at the White House for the first time since Greenspan back in 87.

We're going to take you there live in just a few moments. As for the markets coming off for the opening highs, we got to 7499 S&P at the Open and all sectors were green, a little bit more

mixed at the moment, but we still have industrials and consumer discretionary and some technology

leading the charge as the tenure

gets a little bit more mild back below 4-6. And we begin today in Washington and the swearing

in ceremony of Kevin Warsh. Let's get straight to Aman Javvers in D.C. Amen.

Hey there, Leslie. You just heard Carl say it. This will be the first Federal Reserve chair sworn

in at the White House since Allen Greenspan all the way back in 1987. Most recent chairs have opted to be sworn in at the Fed's headquarters

to preserve the image of Fed independence from the White House. And that symbolic closeness

between Kevin Warsh and President Trump raises the big question that's going to hang over his entire

chairmanship.

Will this chairman be a tool of the president of the United States or will he be his own man?

Warsh takes over as President Donald Trump has been campaigning intensely for lower interest rates to spur the U.S. economy and lower U.S. government borrowing costs.

But at the same time, inflationary pressures from Trump's

war in Iran, including higher gas prices, sticky inflation data, and robust employment numbers

may all be arguing for rate hikes this year instead of cuts. And that raises the prospect of an

early test of the worst Trump relationship. The market expects the Fed not to cut at its

meeting next month, leaving rates unchanged despite Trump's call for cuts. And just this morning,

we're seeing Fed board member Christopher Waller suggest he's open to the possibility of hikes,

saying in a speech in Germany, if I believe inflation expectations

start to become unanchored, I would not hesitate to support an increase in the target range

for the federal funds rate. Now, here's what we know about where Warsh stands on the issues

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