Word: millers
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Dates: during 1970-1979
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...Michael Blumenthal, the outspoken Secretary of the Treasury. Nominated to replace him was G. William Miller, the chairman of the Federal Reserve Board since 1977. Miller will be succeeded temporarily at the Federal Reserve by Frederick Schultz, a former Florida banker and Carter crony, who was confirmed as a board member by the Senate only last week...
...William Miller likes to tell the story of a mythical poll in which the American people were asked to define what the Federal Reserve actually was. According to Miller, 23% of them said it was an Indian reservation, 26% thought it a wildlife preserve and 51% identified it as a brand of whisky...
...months as chairman of the Fed, Bill Miller, 54, has been something of a maverick. He speaks freely to the press, signs most of his business letters Bill, and takes off his jacket on occasion at congressional hearings. A businessman and lawyer rather than an economist by training, he has been remarkably accurate in his economic forecasting. Known from the beginning as a determined inflation fighter, he has taken the position that the Fed should be dedicated to a long-term plan for reducing the inflation rate over the next five to seven years and should not react nervously...
...Miller is a team player, and that may explain why he accepted the President's offer to become Treasury Secretary after two other candidates had turned down the job. (Another theory is that he has political ambitions.) It may also explain why he helped the Administration get the natural gas compromise bill through Congress last year−raising questions as to whether the chairman of the Fed should be getting into any subject as controversial as gas decontrol. But earlier this year, when the Administration tried to pressure him into raising interest rates, Miller flatly refused. Such high rates...
...Both Miller and Frutkoff are effective, the former in a huge chestplate that makes it virtually impossible for him to sit down. Sellars' direction of their scenes, too, seems more careful. He dims the lights to a ghostly blue and has his pianists play wild chase music for their detection of the plot against Hero...