U.S. Treasury Secretary Janet Yellen delivers remarks on "Next Steps in the Evolution of Development Finance" at a Center for Strategic and International Studies (CSIS) in Washington, U.S., February 9, 2023. REUTERS/Leah Millis/File Photo Acquire Licensing RightsWASHINGTON, Sept 18 (Reuters) - U.S. Treasury Secretary Janet Yellen on Monday said she saw no signs the U.S. economy is entering a downturn but warned that failure by Congress to pass legislation to keep the government running risked slowing momentum in the economy. "I don't see any signs that the economy is at risk of a downturn," Yellen told CNBC, noting that the U.S. labor market also remained strong and inflation was coming down. She said the labor market remained strong, but it was cooling and was "not quite as hot as it was," which was important given the objective to lower inflation back down to 2%. Reporting by Andrea Shalal and Doina Chiacu; Editing by Mark Porter and Andrea RicciOur Standards: The Thomson Reuters Trust Principles.

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Persons: Janet Yellen, Leah Millis, Yellen, Joe Biden's, Biden, Andrea Shalal, Mark Porter, Andrea Ricci Organizations: Treasury, Development Finance, Strategic, International Studies, REUTERS, Rights, . Treasury, CNBC, United Auto Workers, Detroit Three, Federal Reserve, Thomson Locations: Washington , U.S, Detroit Three U.S