Alice Mitchell Rivlin was an American economist and budget official. She served as the 16th vice chair of the Federal Reserve from 1996 to 1999. Before her appointment to the Federal Reserve, Rivlin was named director of the Office of Management and Budget in the Clinton administration from 1994 to 1996. Prior to that, she was instrumental in the establishment of the Congressional Budget Office and became its founding director from 1975 to 1983. A member of the Democratic Party, Rivlin was the first woman to hold either of those posts.

The vice chair of the Board of Governors of the Federal Reserve System is the second-highest officer of the Federal Reserve, after the chair of the Federal Reserve. In the absence of the chair, the vice chair presides over the meetings Board of Governors of the Federal Reserve System.