Increased consumer spending contributed to the change
Robert Kaplan's resignation follows a similar announcement earlier Monday by Eric Rosengren
The lower-than-expected reading should ensure the Fed leaves its interest rate unchanged at next week's meeting
The U.S. economic pullback reflects concerns about the delta variant
The change reflects a sustained consumer-led rebound, now threatened by the delta variant
Some of the Fed's policymakers have argued that the bond purchases are driving up prices
The index increased in June for the fifth straight month
Consumer spending stalled as incomes dropped for a second month and inflation posted a sizeable gain
No one wants to relive the double-digit inflation of the 1970s, Yellen told the Senate Finance Committee on Wednesday
Growth accelerated in April and May despite supply disruptions