Bill Miller has a noxious problem. The Federal Reserve chairman is a non-smoker in a crowd of the heaviest puffers north of Winston-Salem. Treasury Secretary Mike Blumenthal is constantly chewing on Jamaican cigars. Treasury Under Secretary Anthony Solomon is inseparable from his pipe. Council of Economic Advisers Chairman Charles Schultze chain-smokes cigarettes. When near them, Miller sits in tolerant agony. But at the nation's central bank, Miller is very much in charge. Around the Federal Reserve's board room, which long was redolent with the fumes from Arthur Burns' briar, new black signs proclaim...
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