Robert Triest

According to economist Bob Triest, a professor at Northeastern University, “a series of cuts in the federal funds rate would lead toward a reduction in mortgage interest rates as well as interest rates on auto loans and other consumer loans, as well as to loans to businesses.

“It will be important to have rules in place regarding how cash transactions that are not divisible by 5 cents should be handled, most likely by rounding to the nearest 5 cents, and also regarding how existing stocks of pennies can be used and exchanged,” said Robert K. Triest, economics professor at Northeastern University.

Robert Triest, an economics professor at Northeastern University, expects the United States to follow the lead of Canada — where pennies quietly disappeared after 2013.

“The process of discontinuing the penny in the U.S. is a little unclear,” Robert Triest, an economics professor at Northeastern University, said in a post last month. “It would likely require an act of Congress, but the Secretary of the Treasury might be able to simply stop the minting of new pennies.”

“The process of discontinuing the penny in the U.S. is a little unclear. It would likely require an act of Congress, but the Secretary of the Treasury might be able to simply stop the minting of new pennies,” Robert Triest, an economics professor at Northeastern University, told the Northeastern Global News.

“The process of discontinuing the penny in the U.S. is a little unclear,” said Northeastern University professor Robert Triest in a January news release. “It would likely require an act of Congress, but the secretary of the Treasury might be able to simply stop the minting of new pennies.”

But Robert K. Triest, an economics professor at Northeastern University, has argued that there might be wiggle room.

Robert K. Triest, professor of economics at Northeastern University, recently told Northeastern Global News:”It’s expensive to mint coins, and it’s also expensive for businesses to process small coins.”

Robert K. Triest, an economics professor at Northeastern University, previously told the Associated Press: “The process of discontinuing the penny in the U.S. is a little unclear. It would likely require an act of Congress, but the Secretary of the Treasury might be able to simply stop the minting of new pennies.”

But gauging exactly when consumers pull back significantly on their spending is difficult given all the changes the economy has experienced because of the pandemic, said Robert Triest, chair of Northeastern University’s economics department and a former vice president of the Federal Reserve Bank of Boston.