WASHINGTON (Reuters) -The Federal Reserve announced on Friday that Michael Horowitz will serve as the central bank’s new inspector general.
Horowitz, who most recently served as the Justice Department’s inspector general, replaces Mark Bialek, who retired in April after serving in that role since 2011. As Fed IG, Horowitz is also responsible for serving as the independent watchdog of the Consumer Financial Protection Bureau.
While serving as the DOJ’s watchdog, Horowitz also chaired a committee of 21 federal inspectors general charged with overseeing $5 trillion in relief spending tied to the COVID-19 pandemic. He also chaired the Council of the Inspectors General on Integrity and Efficiency and has been a member of the U.S. Sentencing Commission.
Earlier, he served as an assistant U.S. attorney in the Southern District of New York and was chief of its public corruption unit.
(Reporting by Pete Schroeder; Editing by Leslie Adler and Lisa Shumaker)
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