What role does the U.S. play in Parker Hannifins operations today?
We’re basically all over the world, in 40-some countries, and we tend to manufacture close to our customers. So if the customer goes to China, that’s where we’ll set up shop. Likewise in Korea or Eastern Europe. We’re not sending every job to China, nor are we sending every job to Mexico. We’d be crazy to do that. // ‘); } // ]]> // We’ve got 30,000-some employees here. We’ve got 3,500 jobs in Mexico. There’s a balance. In our case, we see a constant ebb and flow of jobs going all over. Q: The Federal Reserve Board just raised interest rates by 25 basis points, and most economists predict that’s only the start. Do you see higher rates hurting your business or the overall economy? A: I think it’s a matter of just how much they raise. If they ramp up rates at a very fast pace, without giving the economy an opportunity to respond, they could stop this completely. The key here is to do this in a measured fashion. Give the economy enough time to respond to what you’re doing before you take
