Paul Sheard

As the Fed's rate-setting committee prepares to announce its latest decision today, it faces a weakening economy and the growing threat of deflation. And it has to combat these potential menaces with interest rates already set near 0%. Here's a look at its options.

The economy is recovering, consumer confidence is rebounding and Obama just snagged the Nobel Peace Prize. Good times. Not so fast, says Nomura Securities International global chief economist Paul Sheard. U.S. and European economies are still quite "vulnerable," he warns. His big worry is something...

Aluminum maker Alcoa reported a first-quarter net loss, kicking off six weeks of earnings results that will signal the direction of the U.S. economy. The question investors want answered: What's next? Nomura chief global economist Paul Sheard told DailyFinance he's "optimistic" about economic...