Remember when Jerome Powell said 'tight rope'?

This anon wonders why Jerome Powell talks about the word "rope" every now and then…

Is he saying:

A) Tight Rope

B) tightrope

In my stretchy opinion, JP is loosey goosey and is a player in this movie we are all watching on TV!

Anon wonders if the rope is taught enough, and for what reason if not?