You may have a point on the oil prices but Trump was pretty bad about the interest rate and deficit so who knows how much of it would have cancelled out.
What's ticking me off now is the Fed chairman is saying the solution is to bring wages down, as if wages are causing the inflation. Wages are going up but that's lagging inflation so it can't be the cause of the inflation, but that's what corporate America wants to hear. Gotta create a recession to spur layoffs so desperate people have to accept jobs at lower wages, and that will save "the economy". That's basically their playbook they are publicly promoting.