David Einhorn says he has increased market bets on inflation since Trump's election

Hedge fund icon David Einhorn said at CNBC's Delivering Alpha investor summit on Wednesday that he has increased his market bets on inflation as a result of belief that Trump's second term policies could overheat the economy and the administration will be willing to tolerate it.

"We have increased our bets on inflation," he told CNBC's Leslie Picker at CNBC's Delivering Alpha investor summit on Wednesday."We will have another inflection up in inflation," he said."The policy mix being proposed is inflationary and we will see more of that over the next few years."Einhorn forecast inflation headed back to 3.5%-4.5%, but not back to the 7%-9% level that was the worst in four decades for the U.S. economy.

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