Washington, Oct 25 (TIWN) US Treasury Secretary Janet Yellen said that she expected the country's inflation rates to fall to acceptable levels in the second half of next year.

"Monthly rates of inflation have already fallen substantially from the very high rates that we saw in the spring and early summer. On a 12-month basis, the inflation rate will remain high into next year because of what's already happened," Xinhua news agency quoted Yellen as saying on CNN on Sunday.