Proxmire Concerned About Appointment: Proxmire, Others Voice Donbts About Miller Appoin
The chairman of the Senate Banking Committee expressed reservations yesterday about President Carter's appointment of G. '.Wiliam Miller to head tlie Federal Picserve Board, but said he wouldn't oppose the nomination and expected to see it ap proved.</br></br>Sen. William Proxmire (IMVis.) said lie was "concerned" because Miller is a businessman and lias Û¢Û÷no real experience" in dealing with monetary policy or banking. "I don't think we should have a man who will have to have on the job training." lie said.</br></br>At the same time, however. Proxmire said lie docs not intend to try to block tile nomination when the Banking Committee begins confirmation hearings in January, and ÛÏwould be very surprised" if the Senate balks at approving Miller for the Fed post.</br></br>"IÛªm not necessarily opposed or supportive of the nomination.Û Proxmire said in a telephone interview yesterday. However, he added, even if . Miller follows the policies of Arthur F, Burns, (he present Fed chairman, exactly, he will be doing it ÛÏwithout Burns' experience."</br></br>I Toxin ire's remarks were among several expressions of doubt voiced by political and business figures yesterday in the wake of the initial round of praise for the nomination that followed the President's announcement of the switch on Wednesday.