Michael E. Horowitz has been appointed as the new Inspector General for both the Federal Reserve Board and the Consumer Financial Protection Bureau (CFPB), with his tenure starting on June 30, 2025. This appointment was announced by the Federal Reserve and confirmed by multiple sources, including Federal Reserve Chair Jerome Powell, who selected Horowitz, the Department of Justice's longtime watchdog, for the role. Meanwhile, President Donald Trump has indicated that a decision regarding the next Federal Reserve chairman will be announced soon. Trump has also publicly called for a full percentage point cut in interest rates and sent a strong message to the Federal Reserve concerning monetary policy. Speculation continues about Jerome Powell's future, including his potential move to Wall Street following the upcoming decision.