Your experience is anecdotal, and whether inflation helps or hinders is still up for debate by economists [0]. Remember that many of the poorest do not keep assets in banks, let alone in stocks or other assets that appreciate or keep pace with inflation. Every recession causes pain, and no one man can cause a recession. I doubt we'll ever have enough data to determine if a given policy during a past recession helped or hindered.

[0] https://fivethirtyeight.com/features/inflation-may-hit-the-p...