Week in Politics: Trump renames Lake Ontario 'Lake America'; Fed chair signals hikes

In a provocative move, President Trump signed an executive order renaming Lake Ontario to Lake America, sparking a diplomatic row with Canada. This comes amid the new Fed chair signaling potential interest rate hikes due to ongoing inflation concerns. While the lake renaming is a minor but symbolic escalation in the U.S.-Canada tensions, the Fed's signals about inflation could have significant implications for the economy and consumer spending. The actions highlight both international and domestic policy challenges facing the administration.