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.
“Michael Horowitz, we’re keeping,” Trump said in January, praising Horowitz for an “accurate, well-done report” on former FBI Director James Comey.
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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)
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