Burns, Arthur F. 1904-1987

Arthur Frank Burns (April 27, 1904 – June 26, 1987) was an American economist and diplomat who served as the 10th chairman of the Federal Reserve from 1970 to 1978. He previously chaired the Council of Economic Advisers under President Dwight D. Eisenhower from 1953 to 1956, and served as the first Counselor to the President under Richard Nixon from January to November 1969. He also taught and researched at Rutgers University, Columbia University, and the National Bureau of Economic Research. President Nixon nominated him to succeed William McChesney Martin as Chairman of the Federal Reserve and later renominated him for another term. Burns was succeeded by G. William Miller when his second term expired. After leaving the Fed, President Ronald Reagan chose him to serve as Ambassador to West Germany in 1981, where he remained in office until 1985.