DOJ inspector general Michael Horowitz picked as new watchdog for Fed and CFPB - Washington Examiner
Federal Reserve chair Jerome Powell on Friday chose Justice Department Inspector General Michael Horowitz to serve as his agency’s watchdog as well as the Consumer Financial Protection Bureau’s.
Horowitz previously revealed problems with the FBI’s investigation into President Donald Trump for Russian collusion. Trump praised him for his role in the investigation, and he was one of the few inspector generals the administration kept on from the Obama administration.
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“Michael Horowitz, we’re keeping,” Trump said in January, praising Horowitz for an “accurate, well-done report” on former FBI Director James Comey.
Horowitz will replace Mark Bialek, who retired as the Federal Reserve and CFPB’s Inspector General after 14 years.
“Michael E. Horowitz has been appointed to lead the Federal Reserve Board’s Office of Inspector General (OIG) effective June 30, 2025. By statute, the Federal Reserve’s OIG also serves in that same role for the Consumer Financial Protection Bureau (CFPB), an agency financed by, but autonomous from, the Federal Reserve,” the Federal Reserve said in a statement. “The OIG is tasked with making recommendations to improve the efficiency and effectiveness of the agencies, as well as preventing and detecting waste, fraud, and abuse.”
Horowitz had been the Justice Department’s Inspector General since 2012 under the second Obama administration. Before that, he worked in private practice and for the DOJ from 1991 to 2002 as an assistant U.S. attorney and then Deputy Assistant Attorney General and chief of staff.
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The Federal Reserve is one of the few agencies left that hasn’t seen its leader, Powell, replaced by the Trump administration.
The administration had tried to dismantle the CFPB, but a court blocked them from doing so.