Michael E. Horowitz has been appointed as the Inspector General for the Federal Reserve Board's Office of Inspector General (OIG), effective June 30, 2025. The role also extends to the Consumer Financial Protection Bureau (CFPB) due to statutory requirements, despite the CFPB's operational independence from the Federal Reserve. The OIG is responsible for enhancing agency efficiency and effectiveness while preventing waste, fraud, and abuse.
Horowitz replaces Mark Bialek, who retired in April after nearly 14 years in the position. With over 35 years of experience in law and public administration, Horowitz was previously the inspector general for the Department of Justice since April 2012. He chaired a committee overseeing $5 trillion in pandemic relief spending and led both the Council of the Inspectors General on Integrity and Efficiency and was part of the U.S. Sentencing Commission. His earlier career included serving as an assistant U.S. attorney in New York's Southern District, where he eventually became chief of its public corruption unit. Horowitz earned his J.D. from Harvard Law School and a B.A. from Brandeis University.
The OIG was created by Congress as an independent oversight body under the Inspector General Act of 1978 to oversee operations at both agencies.
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