off-the-wire

Fed taps Horowitz as next inspector general

Kitco Media
By Reuters
Published:
Updated:
Reuters
Fed taps Horowitz as next inspector general teaser image

WASHINGTON, June 6 (Reuters) - The Federal Reserve announced on Friday that Michael Horowitz had been appointed to 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. As Fed IG, Horowitz is also responsible for serving as the independent watchdog of the Consumer Financial Protection Bureau.

Reporting by Pete Schroeder; Editing by Leslie Adler

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