Friday, July 17, 2026
Business

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

For more than a century, Wisconsin's Snap-On Tool company has been producing high-end tools for professional mechanics.  This week, the president of the Chicago Federal Reserve Bank paid a visit to the company's headquarters, to sample its secret sauce of innovation and domestic manufacturing.

Federal Reserve looks for 'secret sauce' behind a successful Wisconsin tool maker
Image: NPR Business

For more than a century, Wisconsin's Snap-On Tool company has been producing high-end tools for professional mechanics.  This week, the president of the Chicago Federal Reserve Bank paid a visit to the company's headquarters, to sample its secret sauce of innovation and domestic manufacturing.

Originally published at NPR Business

The Morning Briefing

Subscribe to our Newsletter

Be the first to receive the latest news, market analysis and updates — delivered straight to your inbox.