The Fed Appoints Michael Horowitz as Inspector General
The Federal Reserve (The Fed), the US central bank, has appointed Michael E. Horowitz as the Head of the Inspector General's Office of the Fed Board, effective at the end of this month.
“Michael E. Horowitz has been appointed to lead the Federal Reserve's Office of Inspector General (OIG), effective June 30, 2025. Under the law, the Federal Reserve's OIG also has a role similar to that of the Consumer Financial Protection Bureau (CFPB),” The Fed stated on its official page.
Horowitz succeeds Mark Bialek, who retired from the same position at The Fed last April. Horowitz will be responsible for oversight functions such as audits, internal investments, or waste at the Fed.
In addition, the head of the Fed's inspector general office also leads the same function at the Consumer Financial Protection Bureau (CFPB), where Horowitz will also oversee the CFPB.