Is the case of Federal Reserve's Powell reversing? Loan agency documents show that his Atlanta property is classified as a "vacation home".

According to a document obtained by the Intelligent Finance and Economics APP, Federal Reserve Board Governor Lisa Cook reported a property she purchased in Atlanta as a "vacation home" in the estimated loan document. The document is dated May 28, 2021, issued by Cook's credit cooperative in the weeks before her purchase of the property. The document shows that Cook had told the loan institution before the loan that the property would not be used as a primary residence. Two independent real estate experts pointed out that this document appears to contradict other materials cited by Cook's critics - the latter supporting allegations that Cook declared both properties in Atlanta and Ann Arbor, Michigan as "primary residences", constituting mortgage fraud. This development comes at a critical moment for the Federal Reserve, which will hold a monetary policy meeting next week where Cook will participate.