Fed Appoints Michael Horowitz as New Inspector General

The US central bank appointed Michael E. Horowitz to head the Federal Reserve Board’s Office of Inspector General starting June 30.

He will also serve in that role for the Consumer Financial Protection Bureau.

“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,” according to a statement from the Fed Friday.

He succeeds Mark Bialek, who retired in April. Horowitz served as inspector general for the Department of Justice, a role he has held since April 2012.

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