Michael Horowitz Appointed as Inspector General for Federal Reserve and Consumer Financial Protection Bureau
Jerome Powell, the chair of the Federal Reserve, has appointed Michael Horowitz, the Justice Department Inspector General, to serve as the watchdog for the Federal Reserve and the Consumer Financial Protection Bureau. Horowitz is known for uncovering issues in the FBI's investigation into President Trump and received praise from Trump for his work. He will be taking over from Mark Bialek, who retired after 14 years in the role.
The Federal Reserve announced that Michael Horowitz will lead the Office of Inspector General for both the Federal Reserve and the Consumer Financial Protection Bureau starting on June 30, 2025. The Inspector General's role is to provide recommendations for improving the agencies' efficiency and effectiveness, as well as to prevent and detect waste, fraud, and abuse.
Horowitz's appointment comes after his successful work in revealing problems in the FBI's investigation into Russian collusion during Trump's presidency. Trump commended Horowitz for his accurate and well-done report on former FBI Director James Comey. With his experience and track record, Horowitz is expected to bring valuable oversight to the Federal Reserve and the Consumer Financial Protection Bureau.