Federal Reserve policymaker James Bullard said on Tuesday the "boom time" in the United States economy was creating the possibility that inflation could surprise on the upside.
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"With the U.S. economy expected to be going into a boom time there is some upside risk to inflation," Bullard said during a panel discussion at London City Week.
He added that policymakers and economists should not "go to sleep" and ignore the risks of a rise in inflation.
(Reporting by Marc Jones; editing by John Stonestreet)