President Changes Lake Ontario Name, Federal Reserve Chair Addresses Inflation

Why it matters locally: The Federal Reserve's actions on inflation have a direct bearing on the cost of living and business operations for West Virginians, influencing everything from consumer prices to borrowing costs for homes and businesses.

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.