BlackRock's Harrison Says Draghi Is in the ‘Hot Seat’

The transcript discusses the market's expectations regarding Janet Yellen's position on balance sheet reduction and inflation data. It highlights Mario Draghi's challenges with the euro's appreciation and the tapering of QE. The discussion explores Draghi's limited options and potential strategies to manage market perceptions and the euro's value.

How is Janet Yellen's position regarding the balance sheet reduction described?

What challenges does Mario Draghi face regarding the euro?

What is the significance of the euro's appreciation mentioned in the text?

What factors might influence the decision-making process in September according to the text?

How does the text describe the relationship between forward guidance and market perception?