[federal Reserve Goolsbee: recent report shows inflation is moving in the right direction] April 15, the Federal Reserve Goolsbee said on Friday that the latest batch of economic data show positive progress in inflation in the United States. but the Fed's work is not over yet. "when you see producer prices falling, when you see retail sales data falling, you don't want to overreact to short-term news, but it feels like it's moving in the right direction," he said.