Inflation will only “crest” when the economy’s productivity catches up to all the money we have printed. I don’t think we are there yet.
There is no pathway for the productivity of the US economy to catch up with the excess amount of money in circulation, so long as the taxation rates and regulatory restrictions remain at their current high levels. And there is little chance that either the taxation rates or the burden of regulations will in any way be reduced so long as the current regime remains in office, and if by the Congress being swept to Republican control, the current regime now squatting in the Oval Office will use the veto power to the extent they may exercise it.
As a side diversion, there may be an effort to replace the fiat paper money we now have, and replace it with a form of digital currency, still having the same nominal valuation, but subject to cancellation or seizure if the individual should choose to spend that medium of exchange in a “socially unacceptable” way, like purchase of personal firearms and ammunition, or opting to purchase an internal-combustion-engine powered vehicle, rather than the “politically correct” battery-driven electric vehicle, or by traveling to “undesirable” localities. Or even purchase the “wrong kind” of food.
Imagine your life savings drained with the command from a computer network.