U.S. Federal Reserve Chair Jerome Powell said Congress “may need to do more” to cushion the blow from the pandemic.
What does that longer timeline mean for the global economy?
"If people don't have money in their pockets, then this type of economy that we have can't work," says Wharton professor Mauro Guillén.
The U.S. health crisis isn't just depressing the national economy. The global economy could feel it, too.
That means fewer jobs and more debt. And the U.S. may be in for even worse.
The country's coalition-building power overseas has weakened as it focuses on crises at home, researcher Torrey Taussig says.
IMF economists talked to epidemiologists and tried to estimate how much COVID-19 restrictions will affect the economy.
The coronavirus outbreak's impact has already shown up in various parts of the economy.
While the U.S. waits on word of rate cuts, the global economy is seeing negative interest rates.
"Both sides should sit down and talk more," says David Lipton of the International Monetary Fund.