An executive with the world's biggest hedge fund urged the U.S. federal government to provide further fiscal support directly to households to help the U.S. economy recover from the impact of the coronavirus pandemic.

In an interview on CNBC, Greg Jensen, the co-chief investment officer of Bridgewater Associates, said the firm estimates that $1.3 trillion to $1.7 trillion worth of federal stimulus will be needed to push the U.S. economy to recovery.

"The policy that gets directly spent in the economy is much more effective per dollar than the dollar that's preventing more bad things from happening," Jensen said. "The money for states is going to prevent negatives. The stimulus checks will be direct positives," he added.

The comment comes as negotiations are stalled between Republicans and Democrats on the size and scope of the next round of coronavirus stimulus aid.