Yes, of course - but that would have required intelligence and competency he does not have. If he did, and KNOWING that inflation is going to hurt him, he could have tried to lessen the hit by saying, “The WH is of course very concerned about the inflation rate and the difficulties it is causing to most Americans, but the Fed will slowly and cautiously raise the Fed rate to gain control over it and we expect inflation to have moderated substantially within a few months - long before the election.”
Instead, he uses language a low-class street thug would use, and doesn’t address the question. Lord help us.