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Earnings figures for the three months to July are used for the yearly increase.
Google's president and chief investment officer Ruth Porat tells the BBC there are "profound opportunities in the UK".
He has accused the paper of defamation and libel, saying it served as a "mouthpiece" for Democrats.
Rising prices, partly driven by tariffs, could worsen a divide in the US economy between the haves and the have-nots.
His entry has raised concerns over the Fed's independence, following Trump's bid to reshape the central bank.