The Council of Narchuil did not end as Elrond had intended, and he fears that Laerdan may take a rash course of action in his search for Narchuil.
'${PLAYER}, these last days have been disturbing. The Council of Narchuil did not end as I would have chosen, but I will not deny Laerdan the quest he desires. I fear, however, that he may depart Rivendell upon a rash course.
'Would you speak with him for me? Learn what course he intends to take and his purpose. I do not believe that Narmeleth will ever be recovered, for a dark power dominates her mind. I sense the influence of a Power greater than a single minor ring.
'You will find Laerdan in his quarters on the lower floor of my house. With your aid, I hope Laerdan will use greater wisdom in his choices.'
Laerdan is in his quarters on the first floor of the Last Homely House.
Elrond has asked you to speak with Laerdan and learn what course of action he intends to take.