Ann Arbor, Michigan's property tax authority confirmed Federal Reserve Governor Lisa Cook hasn't violated any rules regarding tax breaks on her home, despite claims by the Trump administration. The city assessor stated that temporary absences or short-term rentals don't disqualify homeowners from tax exemptions. The Trump administration accuses Cook of mortgage fraud, alleging she misrepresented her residences to lenders. However, Cook's attorneys contend the accusations are based on flawed information. An appeals court is expected to rule on Cook's continued employment at the Federal Reserve, with a Supreme Court appeal likely to follow.

Prepared by Lauren Mitchell and reviewed by editorial team.