Federal Reserve's Lisa Cook Cleared of Residence Violations and Allowed to Remain on Board

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Source: Reuters
Federal Reserve's Lisa Cook Cleared of Residence Violations and Allowed to Remain on Board
Photo: Reuters
TL;DR Summary

Ann Arbor officials found no evidence that Federal Reserve Governor Lisa Cook violated property tax rules or engaged in mortgage fraud related to her homes, despite political efforts to remove her from the Fed board. Cook's property records and mortgage disclosures do not support allegations of wrongdoing, and her legal team denies any misconduct, highlighting the political nature of the accusations.

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