Aerial view of campus with Williamsport, the Susquehanna River and Bald Eagle Mountain as a backdrop

Federal Reserve Bank of Philadelphia advisor and analyst to speak at Lycoming College

The Lycoming College Institute for Management Studies (IMS) will host Luke Tilley, Ph.D., officer and economic advisor, and Noelle Richards, research analyst, for a presentation on Wednesday, Nov. 5 from 2-3:30 p.m. in the Mary Lindsay Welch Honors Hall on the campus at Fourth and Basin streets in Williamsport. This event is free and open to the public.

Tilley’s section of the presentation will give an outlook for the U.S. economy from the Federal Reserve Bank of Philadelphia by exploring current and projected figures of GDP, employment, inflation and other economic indicators.

Richards’ section of the presentation gives an overview of the structure and operations of the Federal Reserve System.

Tilley is the officer and economic advisor with the Federal Reserve Bank of Philadelphia. His responsibilities include researching emerging regional economic issues, helping to coordinate the Bank’s Economic Advisory Council, and managing outreach to U.S. House and Senate members from the Bank’s District.

He previously served as a senior economist at IHS Global Insight and as an economist for the U.S. Department of Housing and Urban Development. He is an adjunct faculty member at Temple University and serves on the board of directors of the Pennsylvania Economic Association. Tilley received a bachelor’s degree in economics and history from James Madison University. He received a master’s degree and a Ph.D. in economics from Temple University.

Richards is a research analyst in the Corporate Affairs Department of the Federal Reserve Bank of Philadelphia. She gives presentations to business communities in the Bank’s Third District, which includes eastern Pennsylvania, southern New Jersey, and Delaware. Her presentations focus on a range of subjects including the structure and responsibilities of the Federal Reserve. She also manages department publications, coordinates advisory councils, and conducts research on a variety of topics. Richards has a bachelor’s degree in economics from Towson University.

The Federal Reserve Bank of Philadelphia helps formulate and implement monetary policy, supervises banks and bank and savings and loan holding companies, and provides financial services to depository institutions and the federal government. It is one of the 12 regional Reserve Banks that, together with the Board of Governors in Washington, D.C., make up the Federal Reserve System. The Philadelphia Federal Reserve Bank serves eastern Pennsylvania, southern New Jersey, and Delaware.

Lycoming College is a four-year, residential liberal arts and sciences school dedicated to the undergraduate education of 1,400 students. Its rigorous academic program, vibrant residential community and supportive faculty foster successful student outcomes. Lycoming offers 36 academic majors and is recognized as a Tier 1 institution by U.S. News & World Report. Founded in 1812 and located near the banks of the Susquehanna River in Williamsport, Pa., Lycoming is one of the 50 oldest colleges in the nation. For more information, visit