Reagan supported those interest rate changes. Reagan than continued to push deficit spending well after the recovery from those first couple years, a huge lasting trend in Republican administrations ever since.

It's also very hard to assume that Reagan being elected in 76 would've avoided the oil-driven inflation at the end of that decade.

But of course, we've decided as a country/media to generally blame Biden for non-policy factors that put the economy on a wild bullwhip ride from 2020-to-2023ish, soooooo... maybe Reagan can deal with getting the blame for the inflation too!