Henry Wallich

Henry Christopher Wallich (June 10, 1914 – September 15, 1988) was a German American economist and central banker. He was a professor of economics at Yale University and a member of the Council of Economic Advisors during the Dwight D. Eisenhower administration. He was best known as an economic columnist for Newsweek magazine, from 1965 until he joined The Federal Reserve. For a period he wrote one week in three, with Milton Friedman and Paul Samuelson.

Wallich began 10 years at the Federal Reserve Bank of New York in 1941, becoming chief of its foreign research division. He earned a Ph.D. (Doctor of Philosophy) from Harvard University in 1944, and became an American citizen in the same year.

Wallich interests included the developing country economies in the third world. He became a consultant to officials of Puerto Rico, the Dominican Republic and Cuba in the pre-Castro era. He served on the advisory board of the Arms Control and Disarmament Agency in 1972-73 and was the United States representative on the United Nations Experts Panel on the Economic Consequences of the Arms Race. Before joining the Federal Reserve Board, he was a director of the Phoenix Mutual Life Insurance Company, the United Illuminating Company, the Lionel Edie Capital Fund and the First New Haven National Bank, and other institutions.

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