Edward M. Gramlich (June 18, 1939 – September 5, 2007) was an American economist who served as a member of the Federal Reserve Board of Governors from 1997 to 2005.

He was also the chairman of the Air Transportation Stabilization Board, which was created by Congress after the 9/11 attacks raised concerns about the survival of the U.S. airline industry.

Gramlich was also formerly the chairman of the Neighborhood Reinvestment Corporation and was seen as an expert on subprime lending after his years as a banking regulator at the Federal Reserve.

He also conducted research in 1992 on the economics of major league baseball and wrote a popular textbook on benefit-cost analysis that is in its second edition.

His book, Subprime Mortgages: America's Latest Boom and Bust,[1] was published before the crisis was widely recognized and he had spoken out about them earlier.