This body's current Vice-Chairman is Donald Kohn, and it was headed throughout much of the 1980s by Paul Volcker.
This body's current Vice-Chairman is Donald Kohn, and it was headed throughout much of the 1980s by Paul Volcker. It is supposed to be headed by seven members of its Board of Governors serving staggered fourteen year terms, but the board currently has two vacancies. Its power was increased in 1999 by the Gramm Leach Bliley Act, also known as the Financial Services Modernization Act. One year ago, it set up the TALF program to avoid the need for Congressional approval when distributing funds. Name this central banking system currently headed by Ben Bernanke.
This body's current Vice-Chairman is Donald Kohn, and it was headed throughout much of the 1980s by Paul Volcker.
(The) Federal Reserve (System or Bank) (accept longer answers, prompt The Fed)