Ronald Reagan and Paul Volcker worked together to break the back of inflation. Volcker bringing monetary growth to a halt was part of coordinated strategy and it played a major role in ending inflation.
Volcker also brought the economy to a halt, which devalues the currency by reducing goods and services, and that’s inflationary. At best it’s a wash. In practice all he did was cause a nasty recession.
I have read that Reagan gave Volcker the green light to do what he did. Nobody’s perfect.
Slashing government growth and regulations along with an increase in private sector growth and productivity is the only way.