Central Banks
Ex-NY Fed Economist Among Three Central Bankers Named by Erdogan
- Erdogan picks Fatih Karahan, Cevdet Akcay and Hatice Karahan
- MPC appointments continue revamp of Erdogan’s economic team
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Turkish President Recep Tayyip Erdogan made some of the biggest moves in revamping his economic team by installing three new central bankers that include a former adviser at the Federal Reserve Bank of New York.
Fatih Karahan, Cevdet Akcay and Hatice Karahan will serve as deputies to Governor Hafize Gaye Erkan, a former Wall Street banker appointed last month. They’ll replace Emrah Sener, Taha Cakmak and Mustafa Duman on the Monetary Policy Committee, according to a decision published in the Official Gazette early on Friday.