Good Friday morning. Welcome to Squawk on the Street. I'm Sarah Eisen with Carl Cantania and David Faber.

We are live at Post 9, as always, at the New York Stock Exchange. Fed pick is in. We've got full coverage for you of President Trump's decision to select Kevin Warsh as the next Fed share,

including analysis from Mohamed Al-Aryan, Rebecca Patterson, Apollos Torsten Slok, and more.

Plus, we'll talk to the man who was once widely seen as the frontrunner for the job,

National Economic Council Director Kevin Hassett.

And at first on CNBC interview with Fed Governor Stephen Myron with his reaction to the pick after

he dissented again at this week's Fed meeting.

We've got a lot of key newsmakers on this decision.

And guys, this is a big one.

So the president has selected former Fed governor, Kevin Warsh, to be the next Fed chair.

So what I decided to do is go back and look at what Kevin Warsh has said in the past, because

there is this fear that he has been hawkish,

and he has been consistently hawkish historically, starting with when he was on the Fed.

Remember, he joined the Fed in 2006.

He was only 35 years old, then was battle tested during the financial crisis, but has been known

for warning and worrying about inflation and warning about normalizing policy.

Let's go back to what he said in May 2008.

So you guys remember what was happening in May 2008.

Concerns about price stability and concerns about the real economy may conflict with one another

in the short run and the medium and long run.

The Fed's dual objectives are not in conflict.

Investment, productivity, and real economic growth fare best in an environment of low and stable inflation.

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