Robert Triest

Robert Triest in the Press

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.”

Jerome Powell speaking at a podium to the media.

What happens if the Fed cuts interest rates — and what does it mean for you?

A Northeastern economist unpacks how a Fed rate cut could affect inflation, jobs and your wallet — from mortgages to market moves.

Stacks of US coins, including pennies, quarters, and nickels.

Should the Trump administration retire the US penny? There are ‘good economic arguments’ in favor, economists say

Economists have long discussed retiring the penny as it continues to lose value over time, a process accelerated by inflation.

Roaring Kitty and Warren Buffett — market or stock influencers?

Northeastern University experts say one can influence individual stocks, but not the overall market.

Jerome Powell at a podium during a press conference.

Why the days of ultra-low interest rates are likely over, expert explains

Northeastern University Economics Professor Bob Triest says the days of ultra-low interest rates are likely over.

A sign on a Chick-fil-A door that says "$15/hr to be hospitable".

Good economy or bad? Why economists and consumers seem to differ

“Almost all economists have a view similar to mine; much of the public does not,” Bob Triest of Northeastern University says.

What is an economic ‘soft landing’ and why are economists ‘cautiously optimistic’ the US will achieve one?

Northeastern economists describe a soft landing as using monetary policy to reduce inflation without tipping the economy into a recession.

With inflation under control, prices have returned to a ‘new normal.’ Yes, even for a carton of eggs

Northeastern experts explain that the prices of goods are returning to a “new normal” after years of turbulence due to the pandemic, supply chain issues and the Russian invasion of Ukraine.

sale pending sign outside of a residential house

Is it best to rent or to buy a house in this economy?

With rising interest rates and uncertainties about the economy, those looking for their next place to live may question whether it is better to rent or buy. Experts weigh in on what the summer housing market will bring.

If reestablished to educate kids, the Presidential Fitness Test could address obesity in American children

Using invasive wetland grasses, Northeastern grads adopt a green approach to stop erosion

How did Netflix’s ‘KPop Demon Hunters’ take over the world and become a global phenomenon?

Parasitic diseases researcher talks ‘flesh-eating’ screwworm infection after first confirmed human case in US