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Turkish President Recep Tayyip Erdoğan appointed Fatih Karahan as head of the country’s central bank, replacing US banker Hafize Gaye Erkan, according to an announcement in the country’s Official Gazette late Friday. Karahan, a former New York Fed economist, has been the deputy governor since July. Hours before her replacement, Erkan announced a surprise resignation, citing recent reports of alleged misconduct at the bank. Erkan said on social media platform X, formerly Twitter, she steps down to protect her family and her “innocent child.” In January, the daily Sözcü, which is critical of the…

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