French lawmakers back Macron choice to run Banque de France
French lawmakers have approved Emmanuel Moulin as the new governor of the Banque de France, nominated by President Emmanuel Macron. Despite some opposition, Moulin secured enough votes from senators to take the position, which plays a crucial role in monetary policy and financial regulation. Critics argue that Macron is placing allies in key positions as he approaches the end of his term, particularly with the upcoming 2027 presidential election.
- ▪Emmanuel Moulin was nominated by President Emmanuel Macron to be the next governor of the Banque de France.
- ▪Lawmakers narrowly approved Moulin's appointment, with enough support from senators despite opposition from the lower house.
- ▪Moulin has held various top positions in finance and served as Macron's chief of staff, emphasizing his commitment to independence in his new role.
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Emmanuel Moulin, who has been nominated by President Emmanuel Macron to be the next governor of the Banque de France, attends a hearing by lawmakers at the Sénat in Paris, France, May 20, 2026. ABDUL SABOOR / REUTERS French lawmakers on Wednesday, May 20, narrowly approved President Emmanuel Macron's former chief of staff to govern the central bank, with Emmanuel Moulin winning just enough votes to secure the job. Macron critics say the centrist head of state is seeking to install allies in top positions to shield key government institutions before his five-year term ends next year. Marine Le Pen's far-right, anti-immigration party is gearing up for what it considers its strongest opportunity yet to take power in the 2027 presidential election.
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