White House Touts Nation’s Economic Position

A year-end memo by Biden advisers Anita Dunn and Brian Deese says the U.S. “ends 2022 in a stronger position than many major global economies.”

Key takeaway: “The unemployment rate remains near record lows, many measures of household balance sheets are stronger than before the pandemic, gas prices are down more than $1.75 from the summer, and we are seeing more signs of inflation moderating.”