[Democratic lawmakers attack, Bessent admits mistake: 'Tariffs driving inflation' is incorrect] Odaily Planet Daily News - U.S. Treasury Secretary Scott Bessent admitted on Wednesday, under questioning from multiple Democratic lawmakers, that his statement made through his Key Square Investment Company in January 2024—prior to Trump's re-election—claiming that 'tariffs are inflationary' was incorrect. During a frequently heated hearing of the House Financial Services Committee, Bessent faced questioning over this document and expressed his desire to correct the record. 'If I was wrong before, I am willing to correct it. My previous claim that tariffs could lead to inflation was indeed incorrect,' said Bessent, who was appointed by Trump, to the lawmakers.