Business: New Defender of the Greenback

Miller survives "inquisition " to become chairman

From the moment at the end of last year when Jimmy Carter nominated him to be chairman of the Federal Reserve Board, G. William Miller has said that one of his top priorities will be strengthening the battered dollar. But to get the chance to deliver on his words, he had to survive confirmation hearings that turned into an unexpected ordeal—in which his views on the dollar, interest rates, money supply and other matters that a Fed chairman must handle hardly figured at all. Rather, the issue...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!