Fed chief & Treasury secretary G. William Miller, March 17 G. William Miller, a businessman and investment banker who was chairman of the Federal Reserve Board and Treasury secretary under President Jimmy Carter and directed the the Chrysler Corp. bailout, died on Friday, March 17, 2006, at his home in Washington, D.C. He was 81. Carter plucked Miller from the business world in 1978 to replace Arthur Burns as chairman of the Fed. The following year Carter named Miller to replace the dismissed W. Michael Blumenthal as treasury secretary, making Miller the only person to have guided both the nation's central bank and the Treasury Department. Miller was considered ineffectual as Fed chairman and received mixed reviews as treasury secretary as inflation ran rampant in the late 1970s. He supervised the $1.5 billion Chrysler Corp. Loan Guarantee Board in 1980. He's shown here in 1979.
The New York Times/ George Tames, file
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