Did trump’s “money printing” policy cause massive inflation?

I read that the m2 money supply increased by 45% during trump's first term. Doesn't this basically mean that for every $1 that existed in 2016, by the end of his term in 2020 there was $1.45? If so, why is the rate of inflation not much higher? Looking at the graph of m2 money supply, the increase during trump's term is clearly outrageous compared to its typical growth, so why didn't anybody call out trump for the inflation that invariably occurred during Biden's term?