Pimco’s Gross: Printing Money Like Gangbusters Will Fuel Inflation

Pimco co-CIO Bill Gross says the fact that central banks are printing money “like gangbusters” could reignite inflation.

By adding “hundreds of billions” of currency into circulation, central banks “can produce reflation — that’s why we’re seeing the pop in oil, gold” and other commodities, Gross told CNBC.

However, there’s also “the potential for deflation if the private credit markets can’t produce some sort of confidence and solvency going forward,” says Gross. “So we’re at great risk here, not only in the U.S. but on a global basis.”