Corporate America isn't being frightened by a Federal Reserve that may have one more interest rate hike in its inflation-busting arsenal.
If Herren and his CEO Chuck Robbins were terrified of the Fed, the dynamic duo wouldn't be paying more for that new debt versus one year ago. "As I talk to my peers, CFOs at other companies, I think we are all monitoring the environment. It's time to be prudent. But they are not stopping. They are not shutting down business. By the way, you can't ever time what's going to come with the FOMC. I would never try to do that," Herren added.Twinkies king Hostess Brands , General Mills CEO Jeff Harmening doesn't sound like an executive going back into the cave."We're also disciplined as to how we do it.
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