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Federal Reserve looks for 'secret sauce' behind a successful Wisconsin tool maker

The tool maker’s focus on mechanics, 85,000 specialized products and 15 flexible U.S. factories has helped it stay profitable, Fed officials said.

Summary by KPBS
Business is booming for Snap-on, a Wisconsin company that has made tools for professional mechanics for more than a century. It recently got a fact-finding visit from the head of the Chicago Federal Reserve Bank.

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npr broke the news in Washington, United States on Friday, July 17, 2026.
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