Gold futures pared their losses slightly Wednesday after the Federal Open Market Committee signaled it is staying the course with loose monetary policy, as had been expected.

FORBES: Comex Gold Futures Pare Loss Slightly After FOMC Statement

Of course, policy makers hope loose-money-induced higher asset prices will lead to a wider recovery.

WSJ: Central Bankers' Change

But monetary policy will not stay so loose for ever, so the wise course is to enact reforms quickly.

ECONOMIST: Rigidities in the labour market make recovery even harder

It was the second day of a short-story course, and all the students were at loose outdoors with notebooks and pens.

NEWYORKER: She��s the One