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Market News

        While the Fed reduced the cost of direct loans to banks on Aug. 17 to help contain the credit crunch, officials have kept the benchmark rate at 5.25 percent. The Federal Open Market Committee next meets Sept. 18. 
Federal Reserve Chairman Ben S. Bernanke may be urged to consider tighter regulation as he and his counterparts clean up the financial mess from U.S. subprime- mortgage defaults.
  Forcing more disclosure about the quality of assets behind the securities that became the flashpoint of the credit crisis will be one option floated at the annual symposium organized by the Kansas City Fed Bank which started yesterday. A more complete picture might better guide monetary policy and help Bernanke deliver more accurate cues to the public.