The head of the Swiss National Bank reiterated the franc remains “significantly overvalued,” even as he cautioned the central bank had no easy fix for the problems the strong currency was causing Switzerland. Read More »

Federal Reserve Chairwoman Janet Yellen is headed back to Capitol Hill, where she could face some heat from House Republicans over an ongoing leak probe. Read More »

Federal Reserve officials aren’t changing their minds about revealing the models that lie at the heart of their stress tests of the nation’s biggest banks. Read More »

Consider it the latest sign the U.S. economy is healing from the recession: The average American day last year included seven extra minutes of work. Read More »

The latest data on U.S. economic output paints a less bleak picture of the economy coming out of the first quarter. But the U.S. appears poised to match last year’s less-than-impressive first half. Read More »

The Federal Reserve is seeking input from the financial industry and others with the goal of improving its stress tests of big banks, Fed Vice Chairman Stanley Fischer said Wednesday. Read More »

The Wall Street Journal’s Daily Report on Global Central Banks for Wednesday, June 24, 2015:

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Ask 10 economists what’s behind the striking decline in British productivity growth in the last eight years and you’ll get 11 different answers.

Some say firms hung on to workers during the downturn in anticipation of the eventual upturn. Others say the damage to the banking system and low interest rates tied up scarce capital in unproductive firms. Others say it’s all the fault of dwindling North Sea oil production. Read More »

Financial market participants who meet with Fed officials understand the purpose of such meetings is for central bankers to receive information, not provide clues on upcoming policy moves, Federal Reserve governor Jerome Powell said Tuesday. Read More »

Federal Reserve governor Jerome Powell acknowledged Tuesday that tough new rules on big financial firms may be contributing to the decline in bond market liquidity but suggested he doesn’t think the postcrisis situation is a worse one for the global economy. Read More »

Americans are increasingly unprepared for retirement, says a new paper out today from the Hamilton Project at the Brookings Institution. Read More »