About the Author

Luke Tilley

Senior Vice President, Chief Economist

Luke is Chief Economist and Head of Asset Allocation and Quantitative Services for Wilmington Trust Investment Advisors (WTIA), a part of the M&T Bank family. Luke is also a member of WTIA’s Investment Committee.

Prior to joining Wilmington Trust in 2015, Luke was an officer and economic advisor with the Federal Reserve Bank of Philadelphia. Earlier in his career, Luke worked as a senior economist at IHS Global Insight (now IHS Markit) and as an economist for the U.S. Department of Housing and Urban Development.

Luke holds a Ph.D. in economics from Temple University and a bachelor’s degree in economics and history from James Madison University. He is a former adjunct faculty member at Temple University and formerly served on the board of directors of the Pennsylvania Economic Association. In addition, Luke is former president of the Philadelphia Council for Business Economics, a chapter of the National Association for Business Economics.


By the Author

Stimulus Update: Going Big

Luke Tilley |
Wilmington Wire
LPETTET

February 12, 2021—What a difference a few weeks can make. In mid-January after announcing his stimulus plan, there seemed to be a 50/50 chance of President Biden seeking bipartisanship in getting 10 Republican Senators on board, or the (allegedly) more challenging route of budget reconciliation, which only requires 50 votes but puts limits on the actions that can be taken.

Read More...


Biden’s Stimulus & Agenda: Predicting the Unpredictable

Luke Tilley |
Wilmington Wire
LPETTET

January 26, 2021—We’re not even a month into the new year and it feels like we’ve packed in six months’ worth of news and developments. The nail-biter Senate runoff elections in Georgia were followed by horrific events at the U.S. Capitol, a second impeachment of the sitting President, the inauguration of a new president, and the inauguration of an historic vice president. The inaugurations coincided with the one-year anniversary of the first U.S.

Read More...


Episode 25: Capital Markets Forecast 2021
Inflation Dynamics

Luke Tilley and Tony Roth |
Wilmington WealthWise with Tony Roth

November 30—How has the pandemic impacted inflation rates and our inflation forecast as we inch closer to a post-COVID environment? Tony is joined by Wilmington Trust Investment Advisors Chief Economist Luke Tilley for a discussion about the importance of inflation as an economic and market indicator.Please listen to important disclosures at the end of the podcast.

Listen...


Is it the Economy, Stupid?

Luke Tilley and Rhea Thomas |
Wilmington Wire
Julia_Sudnitskaya

October 30, 2020 — Yes, like many others we’re harkening back to James Carville’s famous statement from the 1992 election of the importance of the economy to voters. The trite expression would likely have been retired by now were it not so accurate. Yet in 2020, it comes with the caveat that this year’s recession was brought on by the most exogenous of events, a global pandemic, and less likely to be pinned on whoever is currently at the wheel.

Read More...


Episode 9:
U.S. Federal Debt—From Bubble to Balloon

Tony Roth and Luke Tilley |
Wilmington WealthWise with Tony Roth
45455_National_Debt_NC.jpg

May 18—$6.0 trillion. Roughly half of that was recently given out to ease Americans’ COVID-19-induced economic suffering—with nearly another $3 trillion now proposed. That’s atop a U.S. debt tab of over $20 trillion. Our CIO Tony Roth and Chief Economist Luke Tilley discuss why it matters, whether we should be worried, and the importance of having a plan.  Please listen to important disclosures at the end of the podcast.

Listen...