(CNN) President Donald Trump sent a message Friday to anyone expecting major economic aid to head off a coronavirus recession: Don't hold your breath.

With financial markets reeling, some economists back direct bailouts for affected workers and businesses to prevent a contraction of the already-slowing American economy. But as he signed the $8.3-billion emergency coronavirus spending bill passed by Congress -- more than triple the amount the White House had requested -- Trump waved off the idea of a new fiscal stimulus to protect America's record-breaking economic expansion, again calling on the Federal Reserve to use its monetary policy tools.

"The Fed should cut and the Fed should stimulate," Trump told me before leaving the White House to tour tornado damage in Tennessee. And he evinced little concern about the chance of recession anytime soon, declaring, "I think we're in great shape."

The President's characteristically upbeat assessment does not match the darkening mood among business analysts as the coronavirus crisis deepens in the US and around the world. Mark Zandi, an economist with Moody's Analytics, now pegs the odds of recession this year at 50%.

Goldman Sachs has downgraded its forecast for economic growth to 1% or less for the first three quarters of 2020. The bank noted that, in addition to effectively handling the public health crisis, direct spending by the White House and Congress can avert economic damage from coronavirus better than monetary policy through the Fed interest rate cuts Trump calls for.

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