Investors are underestimating the US economy's potential to grow faster.
Franklin Templeton analyst Sonal Desai says that growth will generate high inflation.
Higher inflation would extend the sell-off in Treasurys that has taken the 10-year yield above 3%.
Desai says GDP growth closer to 3% should become more common over the next three years.
Higher inflation would come from "usual suspects" like wage growth and companies raising prices
