The fund said about one in seven people were living in poverty and that it needed to be tackled urgently.
It recommended raising the minimum wage and offering paid maternity leave to women to encourage them to work.
The report also cut the country's growth forecast for 2016 to 2.2% from a previous prediction of 2.4%.
Slower global growth and weaker consumer spending were blamed.
US economic growth slowed to an annual pace of 0.5% during the first three months of the year, down sharply from 1.4% in the last three months of 2015.
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Although poverty really is a problem in the US, this IMF announcement is a sick joke.
The intentional policies of the US and its deep state have led to this situation. "Raising the minimum wage and offering paid maternity leave" will merely hasten the demise of most US small businesses without doing anything to alleviate US poverty.
It appears this latest IMF announcement is a lame attempt to promote the candidacy of Hillary Clinton. Aren't these her ideas?