“Did you write a letter to investors raising concerns about the impact of tariffs, writing that ‘tariffs are inflationary?’ Did you say that at that time, yes or no?” Waters asked.
“OK … we have a New York Times article that agrees that you said that,” Waters said.
WATERS: Did you write a letter to investors raising concerns about the impact of tariffs, writing that 'tariffs are inflationary'?BESSENT: Uh .... noWATERS: We have a New York Times article that agrees you said thatBESSENT: Great. New York Times. pic.twitter.com/eJdKPzy8hN
— Aaron Rupar (@atrupar) February 4, 2026“Last summer, when you testified before a Senate committee, you said, and I quote, ‘There is no inflation. Tariffs are not being passed on to consumers.’ You were quite definitive, and even claimed that critics had ‘tariff derangement syndrome,’” she said. “Well, those comments are at odds with the statement you made to investors that tariffs are inflationary.... Are tariffs inflationary? Yes or no?”
Bessent may have very well perjured himself, given the letter he claimed doesn’t exist certainly does. In that January 2024 letter, which Semafor’s Eleanor Mueller first highlighted, Bessent wrote: “Tariffs are inflationary and would strengthen the dollar--hardly a good starting point for a US industrial renaissance.” He then goes on to argue that Trump will weaken the dollar to “make US manufacturing competitive.”
This is all part of an effort to shield the average American from the harsh reality that they, not other countries, are shouldering most of the economic burdens of Trump’s tariff wars.
CASTEN: I want to read you a quote -- 'tariffs are inflationary and would strengthen the dollar.' Do you recognize it?BESSENT: You're referring to a letter a wrote. Tariffs could be inflationaryCASTEN: No no. It says 'tariffs are inflationary.' Do you want to correct the… pic.twitter.com/bUXWHrsPLK
— Aaron Rupar (@atrupar) February 4, 2026Hence then, the article about trump s treasury secretary caught in blatant lie to congress was published today ( ) and is available on The New Republic ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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