Quarles has served as the Fed's first vice chair of supervision, giving him wide-ranging authority over the banking system
Inflation is pressuring monetary authorities to hike rates sooner than they'd like
Meanwhile, central banks in other parts of the world look to dial back support
Inflation appears stronger than expected, the central bank said
Federal Reserve Chair Jerome Powell expects that inflation will remain elevated well into next year
Weaker GDP data and higher inflation have muddled the picture
Labour market gains could lead to the Bank of Canada reigning in monetary policy, an NBF report suggests
The taper could begin in the middle of November or December
Democratic Sen. Elizabeth Warren also urged the Securities and Exchange Commission to investigate the investments by three Fed officials
Robert Kaplan's resignation follows a similar announcement earlier Monday by Eric Rosengren