President Changes Lake Ontario Name, Federal Reserve Chair Addresses Inflation

Why it matters locally: The Federal Reserve's actions on inflation could influence economic conditions in Georgia, affecting consumer prices and business costs across the state.

President Trump signed an executive order this week to change the name of Lake Ontario to Lake America. This action followed previous statements by President Trump concerning Canadian leaders. Separately, the chair of the Federal Reserve addressed the ongoing issue of inflation. The chair stated that inflation continues to be a problem.