Central Banks
Fed, Amazon Were Training Grounds for Turkey Central Bank Chief
- Fatih Karahan replaces Hafize Gaye Erkan as central bank chief
- Karahan previously worked as an economist at Amazon, NY Fed
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Turkey’s new central bank governor is a University of Pennsylvania-educated economist who’s taking over after a period of rapid transition to a more hawkish policy stance in the nearly $1 trillion economy.
Fatih Karahan was named the monetary body’s top official in the early hours of Saturday to replace Hafize Gaye Erkan, the country’s first female central bank chief. Erkan had abruptly resigned hours earlier via an announcement on X, citing a smear campaign against her and her family in local media.