NY Times on Bernanke's Toughness

The New York Times has an article titled For Bernanke, a Question of Toughness. Here is an excerpt: 

Is the Federal Reserve’s chairman, Ben S. Bernanke, too nice for the job?

That’s the view of many on Wall Street, who argue that with the stock market falling, unemployment rising and the economy flirting with a recession, Mr. Bernanke should be dealing with the situation more aggressively than he has so far.

Their quarrel is partly with the Fed’s reluctance to cut interest rates even more than it already has...

“Personally, I think we should be at 3 percent right now,” said James Glassman, a senior economist at JPMorgan Chase. “You ask anyone on Wall Street, ‘If Bernanke cuts to 1 percent or 2 percent or 3 percent, would that fix the problem?’ Most people would tell you that would certainly start the healing.”

It's interesting that cutting rates would somehow constitute Bernanke as acting "tough".

Major malinvestments have been made over the last 20+ years, thanks to the artificial rates and monetary inflation of the Federal Reserve. A recession is the liquidation of those malinvestments. A recession ushers in the return to a healthy economy. How can cutting rates and creating further imbalances be seen as acting "tough"?

If Bernanke really wanted to act "tough", he would remove all interventions, and let interest rates rise to the market level. Then the healing process would truly begin.