Robert Triest Professor of Economics r.triest@northeastern.edu Expertise COVID-19, impact of long-term unemployment on household finances, inflation, intersection of economic circumstances and educational outcomes, labor economics, Labor Movement, public policy, Unemployment Robert Triest in the Press Fortune Does Trump’s penny plan make cents? How ditching the hated coin would affect consumers “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. Trump promised no new pennies — here’s how that would work Robert Triest, an economics professor at Northeastern University, expects the United States to follow the lead of Canada — where pennies quietly disappeared after 2013. U.S. News & World Report Is the Penny Going Away? Trump Orders Halt on Production “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.” Fox News How Trump might get rid of the penny — and what could come next for your pocket change “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. Are pennies worth it? Trump’s plan to scrap them didn’t come out of nowhere “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.” Trump says he has directed US Treasury to stop minting new pennies, citing rising cost But Robert K. Triest, an economics professor at Northeastern University, has argued that there might be wiggle room. Newsweek 12 Most Valuable Pennies in Circulation As Trump Stops Production 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.” Newsweek Trump Orders Halt on ‘Wasteful’ Pennies After DOGE Highlighted Cost 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.” The US has dodged a recession in 2023, but the economic luck could run out next year 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. News Nation Moody’s: Government shutdown could negatively affect US credit rating Back when Fitch first gave the U.S. its first AA+, Robert K. Triest, professor and chair of the Department of Economics at Northeastern University, said it’s doubtful that there would be a “discernible impact on any real economic activity.” Robert Triest for Northeastern Global News Should the Trump administration retire the US penny? There are ‘good economic arguments’ in favor, economists say Should the Trump administration retire the US penny? There are ‘good economic arguments’ in favor, economists say Donald Trump’s cost-cutting task force run recently hinted at the possibility of decommissioning the U.S. penny. Economists react. Roaring Kitty and Warren Buffett — market or stock influencers? Roaring Kitty and Warren Buffett — market or stock influencers? It is possible for an individual to influence individual stocks. But significantly influencing the overall market is basically impossible. Why the days of ultra-low interest rates are likely over, expert explains Why the days of ultra-low interest rates are likely over, expert explains The Federal Reserve held interest rates steady, but economists still predict rates will be cut, likely this year. Good economy or bad? Why economists and consumers seem to differ Good economy or bad? Why economists and consumers seem to differ Inflation has fallen. President Biden touted an economic “sweet spot". So why does the public still feel like the economy is in a bad place? What is an economic ‘soft landing’ and why are economists ‘cautiously optimistic’ the US will achieve one? What is an economic ‘soft landing’ and why are economists ‘cautiously optimistic’ the US will achieve one? An economic soft landing, although often referred to as "elusive" is "a primary objective" of the Federal Reserve. With inflation under control, prices have returned to a ‘new normal.’ Yes, even for a carton of eggs With inflation under control, prices have returned to a ‘new normal.’ Yes, even for a carton of eggs Experts explain that the prices of goods, even a carton of eggs, are returning to a “new normal” after years of turbulence. Is it best to rent or to buy a house in this economy? Is it best to rent or to buy a house in this economy? With rising interest rates and uncertainties about the economy, experts weigh in on what the summer housing market will bring.
Fortune Does Trump’s penny plan make cents? How ditching the hated coin would affect consumers “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.
Trump promised no new pennies — here’s how that would work Robert Triest, an economics professor at Northeastern University, expects the United States to follow the lead of Canada — where pennies quietly disappeared after 2013.
U.S. News & World Report Is the Penny Going Away? Trump Orders Halt on Production “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.”
Fox News How Trump might get rid of the penny — and what could come next for your pocket change “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.
Are pennies worth it? Trump’s plan to scrap them didn’t come out of nowhere “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.”
Trump says he has directed US Treasury to stop minting new pennies, citing rising cost But Robert K. Triest, an economics professor at Northeastern University, has argued that there might be wiggle room.
Newsweek 12 Most Valuable Pennies in Circulation As Trump Stops Production 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.”
Newsweek Trump Orders Halt on ‘Wasteful’ Pennies After DOGE Highlighted Cost 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.”
The US has dodged a recession in 2023, but the economic luck could run out next year 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.
News Nation Moody’s: Government shutdown could negatively affect US credit rating Back when Fitch first gave the U.S. its first AA+, Robert K. Triest, professor and chair of the Department of Economics at Northeastern University, said it’s doubtful that there would be a “discernible impact on any real economic activity.”