Not OP, but some inflationary pressures were self-inflicted by the executive, and therefore can be reversed.

The levers they can pull include using diplomacy to end of the stalemate at the strait of Hormuz that is increasing energy and shipping costs. Scrapping excessive import taxes (tariffs) inflicted since "Freedom day" could help some, though prices have a ratcheting effect and retailers are likely to pocket the difference to pad their profits.