NEW BANK LEADER’S CLOSE-UP

Christine Lagarde, middle, the new president of the European Central Bank, poses for photographers with former German finance minister Wolfgang Schaeuble at an event honoring Schaeuble in Berlin on Monday. Lagarde took over on Friday, replacing Italy’s Mario Draghi, as the institution has been riven by a return to easy money policies to stoke inflation and ward off recession. Tobias Schwarz, AFP/Getty Images