President Donald Trump and one of his allies are calling for the resignation of Federal Reserve Governor Lisa Cook - the first Black woman to serve on the Fed board - who has several ties to Michigan.

In a story riddled with Michigan connections, Trump’s U.S. Director of Federal Housing is alleging Cook potentially committed mortgage fraud using an Ann Arbor home and one other out-of-state property.

Cook, who started at the Fed board in 2022 and was reappointed to a 14-year term in 2023, is listed online as a Michigan State University (MSU) professor.

University Spokesperson Amber McCann said Cook has been on unpaid leave since her federal appointment.

Cook could not be immediately reached for comment.

U.S. Federal Housing Finance Agency Director Bill Pulte, who leveled the accusation

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