WASHINGTON - The Federal Reserve'sfightto lowerinflationback to its 2 percent target "hasalong way to go," Federal Reserve Chair JeromePowellsaid on Wednesday intestimonyprepared for delivery to the House Financial Services Committee. "Inflationhasmoderated somewhat since the middle of last year," with theFed'spreferred measure ofinflationfalling substantially from a peak around 7 percent last year to 4.4 percent as of April. But recent progresshasbeen slow. "Inflationpressures continue to run high, and the process of gettinginflationback down to 2%hasalong way to go,"Powellsaid, noting that even as the Fed held off raising interest rates at the Federal Open Market Committee...Keep on reading: Fed’s Powell, in testimony, says inflation fight has ‘long way to go’