The danger of "China" is growing! China's external financial assets exceeded 9.3 trillion dollars! The danger of "China" is growing! China's external financial assets exceeded 9.3 trillion dollars!

US Treasury Secretary Janet Yellen said she sees no signs that the US economy is entering a downturn.

Yellen also warned that the failure of Congress to pass legislation to keep the government running could risk slowing the economic momentum.

"I don't see any signs that the economy faces the risk of a downturn," Yellen said, noting that the US labor market also remains strong and inflation is on the decline. ,

Yellen warned that the failure of Congress to pass legislation to keep the government afloat risked slowing the economic momentum.

YELLEN'S STRIKE COMMENT

Yellen also spoke about the strike by the United Auto Workers against three US automakers in Detroit, one of the most ambitious labor actions in the US in recent years.

Yellen said it was too early to gauge the impact of the strike on the economy, saying it would depend on how long it would last and who would be affected.

Quoting President Joe Biden's view on ensuring that workers also benefit, Yellen said that the labor market remains strong, but not as hot as before, which is important given the goal of reducing inflation to 2 percent.