Wally Adeyemo Predicts Decline in Consumer Price Inflation

Deputy U.S. Treasury Secretary Wally Adeyemo believes consumer price inflation will continue to decline, focusing on items like gasoline, food, and housing. He hopes more retailers will follow Walmart and Target's lead in cutting prices, as he mentioned during an interview with CNBC.

Deputy U.S. Treasury Secretary Wally Adeyemo said on Tuesday that he thinks consumer price inflation will continue to fall, as Americans remain focused on prices for everyday items such as gasoline, food and housing.

Adeyemo told CNBC in a interview that he hopes more retailers will move to cut prices of goods in their stores as Walmart and Target have done.