Add "Rename" to New Action Folder Dropdown

Could a “Rename” option be added to the New Folder dropdown (along with the ‘Add Action File’, ‘Add Folder’, and ‘Delete…’). Or is there already a way to rename it… seems it freezes with the name “New Folder” if I don’t act quickly enough I have to delete it and try again. Also, provide some way to clear the highlighted selection so a new folder can be added to the top.