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Federal Reserve / Miller Appointment / Operation #250153

CBS Evening News for Thursday, Dec 29, 1977
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(Studio) General approval of business community of President Carter's appointed of William Miller to replace Arthur Burns as head of Federal Reserve noted. Guarded reaction abroad and further devaluation of dollar on foreign mkts. also reported Report on Federal Reserve's role in United States economy
REPORTER: Roger Mudd

(DC) Details of operation of Federal Reserve Board and its part in controlling money supply in country given; diagrams shown. [Senator Banking chairperson William PROXMIRE - feels Federal Reserve should be independent of executive branch of government; notes Burns' adherence to this principle.] President appointed of board mbrs., Senator confirmation and details with regard to Federal Reserve govs.' responsibilities cited.
REPORTER: Bruce Morton

Morton, Bruce;
Mudd, Roger

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