US Office of Financial Research gets permanent chief, but doubts persist about commitment to agency's mission

8 July 2019 8:46pm
Dino Falaschetti took the helm of the US Office of Financial Research recently at a time when the independent agency that was created to sound early warnings of financial crises has been starved of resources by the Trump administration.

Some progressive nonprofits fear Falaschetti, who was chief economist of the House Financial Services Committee when it passed a 2017 bill to eliminate the research office, will subvert its mission.

“The Trump administration has made it difficult for OFR to do anything,” said Marcus Stanley, policy director of Americans for Financial Reform.