Former Fed chairman G. William Miller dies

G. William Miller, a former Federal Reserve chairman, has died aged 81.

Miller, who had suffered from a lung ailment, died on Friday 17 March at his home in Washington, D.C., said Michael H. Cardozo, managing director of Miller's Washington-based merchant banking firm and a former White House counsel for President Carter.

Miller was appointed by President Jimmy Carter to lead the central bank on 8 March 1978. A year later, the president turned to Miller to replace W. Michael Blumenthal as treas