This is CNBC’s live coverage of the Senate committee confirmation hearing for Federal Reserve chair nominee Kevin Warsh.

What you need to know

Kevin Warsh, the 56-year-old former Federal Reserve governor, is taking the hot seat at 10 a.m. ET for his Senate Banking Committee confirmation hearing.

Warsh will field questions on a wide range of issues, ranging from his views on monetary policy to his sprawling and complex personal finances. He would become the wealthiest Fed chair if confirmed.

Some of the most important exchanges for his candidacy may center on how he views the boundaries between the Fed’s decision-making and politics.