The proper way to look at inflation is year over year, and with that, we have dropped from over 9% inflation this past summer to 6.4% in January (down from 6.5% in December), and the momentum is still downward. Again though, any bumps in the road are just temporary as we move further and further away from the event that caused the inflation. Anyone who denies that the pandemic (and the pent up demand then realized as we opened back up) caused the high inflation is smoking crack or just so biased they can't see straight.
There is nothing that the Biden Administration did to cause the high inflation, and conversely, there is nothing it has done to LOWER the inflation rate either, ESPECIALLY not the Inflation Reduction Act which is a horrible name (good stuff in there, but nothing to fight overall inflation). Biden and his administration didn't do anything to create the lowest unemployment rate in 50 years in our country either. These are all predictable cycles following a very disruptive pandemic, and involved in that is included an older population that has mostly withdrawn from the workforce and an influx of immigrants that has slowed to a trickle.
Inflation is just ONE part of the economy. YES, it was caused by the pandemic (and aftermath of the pandemic), but the low unemployment rate AND the robust spending of Americans is helping to keep it from dropping more quickly...do note though, that overall it will continue to drop throughout 2023 and into 2024.
I know the Fed will continue to raise rates and then keep them high for longer than it should, but really, it needs to chill out. Companies just need to deal with the fact it's a market that favors workers...pay them more, let them all go spend, and allow inflation to fall slowly back to more normal levels. BUT, it won't because Powell is against workers having so much leverage.