(Bloomberg) -- Eight months after raising interest rates to a two-decade high, Federal Reserve Chair Jerome Powell and his colleagues are moving closer to dialing back their inflation fight.Most Read from BloombergThese Are the Best Countries for Wealthy ExpatsBillions Pour Into Nigeria as Tinubu’s Reforms Start to Pay OffIs Now the Right Time to Invest in Bitcoin?Slow US Inflation Retreat Is Set to Bolster Fed Patience on Rate CutsIn congressional testimony last week, Powell emphasized the cent