Fed Chair Yellen: Small business loan demand 'not very high'

U.S. Federal Reserve Chair Janet Yellen continued her semiannual testimony on monetary policy and the economy before the House Committee on Financial Services on Wednesday.

Meanwhile, European Central Bank President Mario Draghi addressed his decision to launch an open-ended, expanded monthly 60 billion euro ($70 billion) private and public bond-buying program.

During the second day of Yellen's testimony, U.S. indexes traded mildly higher. One day earlier, U.S. stocks rallied following Yellen's dovish remarks indicating a rate hike would likely come later rather than sooner.

Check back for live updates of Yellen's testimony below: