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Jinse Finance reported, citing foreign media, that the property tax authority in Ann Arbor, Michigan, stated that Federal Reserve Governor Lisa Cook did not violate regulations when applying for a property tax exemption for her primary residence. This finding may strengthen Cook’s defense against the Trump administration’s efforts to remove her from the Federal Reserve Board. Jerry Markey, the assessor for Ann Arbor, said there is “no reason to believe” that Cook violated property tax rules. Cook does occasionally reside elsewhere, and municipal records show she has applied to Ann Arbor authorities for permission to rent out her Michigan residence on a short-term basis. The official stated that temporarily leaving the residence or renting it out short-term does not disqualify Cook from the Ann Arbor property tax exemption. Markey said, “Temporarily residing elsewhere does not necessarily cause a homeowner to lose eligibility for the primary residence exemption.”