(Reuters) - Federal Reserve Governor Adriana Kugler said on Thursday she’s closely watching markets amid substantial shifts in trade policy and possible diminished investor desire to hold U.S. dollar assets.

Federal Reserve officials are 98% likely to leave the target range for the federal funds rate unchanged at their next policy meeting in June.

Federal Reserve policymakers discussed the "unusually elevated" uncertainty about the U.S. economic outlook, and said the risks to both sides of its dual mandate had risen, according to minutes from the Federal Open Market Committee's May 6-7 meeting.

U.S. Federal Reserve Chair Jerome Powell met with President Donald Trump following the White House's broadsides against the Fed's monetary policy choices.

During its meeting last month, some members of the Federal Reserve's monetary policy committee expressed concern about persistent supply chain disruptions while others were confident price growth would be constrained.

The Federal Reserve Bank of New York said Wednesday that late next month it will add morning offerings for its liquidity providing Standing Repo Facility.

Federal Reserve officials at their meeting earlier this month worried that tariffs could aggravate inflation and put them in a difficult position with interest rate policy, minutes released Wednesday show.

"Markets didn’t blink upon the release of the \[Federal Open Market Committee\] minutes from their meeting three weeks ago, which came a week before the cooldown in the U.S./China tariff battle, because it revealed nothing new,