No, according to 1 Timothy, Timothy was not reading the New Testament. He was reading a letter that centuries later became a part of it per infallible determination of the Church.
So Peter was wrong? The writings were not inspired until the Church stated so 400 years later? It only becomes deemed inspired based on the council decree-not an apostle and Pope?
If Peter was the head of the Church and Peter said Paul's writings were inspired, why did it take the Church 400 years to agree with Peter? Moveover, why did it take the Church 400 years to determine what the first Pope states? Peter was after all the first Pope and I would assume probably the most important one. I would have thought that his writings would have been treasured.