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 The Fed is expected to cut rates: here’s how it might impact jobs 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. 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. 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.” 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. Robert Triest for Northeastern Global NewsCan you get a lower mortgage rate today? Don’t bet on itThe Federal Reserve cut the Federal Funds Rate by a quarter-point on Wednesday, lowering the short-term rate to about 4.1%, down from 4.3%. 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. Should the Trump administration retire the US penny? There are ‘good economic arguments’ in favor, economists sayEconomists 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. Why the days of ultra-low interest rates are likely over, expert explainsNortheastern University Economics Professor Bob Triest says the days of ultra-low interest rates are likely over. 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. 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.
The Fed is expected to cut rates: here’s how it might impact jobs 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.
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.
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.”
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.
