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Saved by Zero? Fed Slashes Rate to Historic Low

Fed Cuts Benchmark Rate for 7th Time in '08, Stresses Other Efforts to Bolster Economy

Help for Student Loans Next?

Brusca and Wyss agreed that the Fed should continue to expand its lending programs.

Related

Wyss had a specific recommendation: that the Fed help ease the tight student loan market by buying securities backed by student debt.

"That's a scary one for the future for the country," he said. "If all these kids can't go to college because they can't get the student loans, what happens?"

With reports by ABC News' Daniel Arnall.

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