G. William Miller

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George William Miller (March 9, 1925 – March 17, 2006) was an American businessman and investment banker who served as the 65th United States secretary of the treasury from 1979 to 1981. A member of the Democratic Party, he also served as the 11th chairman of the Federal Reserve from 1978 to 1979. Miller was the first person to hold both of those posts. President Jimmy Carter nominated him to succeed Arthur F. Burns as chairman of the Federal Reserve in 1978. Miller came from a corporate world, rather than from economics or finance, an unusual background for a central bank chairman. However, shortly after his appointment, Miller left the Board of Governors to take the position of treasury secretary in the Carter administration, when W. Michael Blumenthal resigned. New York Fed President Paul Volcker was chosen as his successor at the Fed.