Emmett John Rice (December 21, 1919 – March 10, 2011) was an American economist, academic, bank executive, and member of the Federal Reserve Board of Governors.

He served with the Tuskegee Airmen during World War II, taught at Cornell University during the 1950s, and was a noted expert in the monetary systems of developing countries.

[5] In 1970, Rice left the U.S. Treasury department to be executive director of the Mayor's Economic Development Committee for Washington, D.C.

In 1972 he left public service to assume the position of senior vice president of the National Bank of Washington.

[5] President Jimmy Carter appointed Rice to the Federal Reserve Board of Governors in 1979, making him its second African American member, following Andrew Brimmer.