The presidential transition team issued the following statement:

In this role, she will build new efforts around entrepreneurship, small business growth and the global economic empowerment of women.

Powell currently serves as global head of impact investing at Goldman Sachs and president of the Goldman Sachs Foundation, and over the past 10 years has built the most successful programs focused on global growth and job creation. Before joining Goldman Sachs, Powell had a long-standing career working in government in the White House as assistant to the president for presidential personnel, and the State Department as assistant secretary of state for educational and cultural affairs and deputy undersecretary for public diplomacy and public affairs.

Trump said Powell is "a tremendous talent" with "a stellar record of public service" and a great career record in the private sector as well. He said he knew she will excel in her new position in the Trump-Pence Administration.

"She has been recognized for her strategic oversight of key programs and initiatives and is a leader in both economic growth and the crucial empowerment of women in various aspects of business development and entrepreneurial endeavors," he said. "I am proud to have her serve as a senior counselor in my administration, where I know she will produce great results working with the highly respected team of experts we have assembled."

For her part, Powell said she is eager to do her part to ensure women play a big role in helping to make America great again.

"The Trump administration has a unique opportunity to unleash the untapped potential of small business owners and female entrepreneurs, and by working together with the public and private sectors, we can ensure they continue to be a critical part of growing the economy and creating jobs," she said. 

To receive daily emails from Breaking Christian News to your inbox CLICK HERE

Stunning Find Emerges Along Waters Where Jesus Performed a Famous Miracle

Man Struck by Lightning Says Survival Was No Accident: 'It's Truly a Miracle' (Video)

Veteran Suicide Is Not Just a Military Problem, It's an American Problem

Teen Girls Forced to Share Room with Man at Daughters of American Revolution Event

Minnesota Declares War on Amish Families

Dem Senate Hopeful, Abdul El-Sayed's Mom Worked for 'Global Terrorist' Group Accused of Funding Bin Laden, Hamas and Taliban: Report

Did Fox News Fire Maria Bartiromo or Not?

HUGE Jobs Report for August: 'Triple the Expectations'

A Promise of Awakening: Dutch Sheets' Remarkable Vision

JD Vance Mentions Sensing 'a Certain Darkness' during Encounters With World Leaders (Video)

New Poll Devastates Democrats Ahead of Midterms

Indiana Farm Honors Charlie Kirk with Their Corn Maze, Stands for Civil Discourse amid Backlash

(Watch) Angry Father of Disabled Daughter Tears into Sanctuary Democrats at House Judiciary Hearing

Radical Dems Defeat Amendment Stopping SCOTUS Court-Packing, Showing Their Hand if They Gain Power

Liberty Counsel Will Ask US Supreme Court to Hear 'No Church' Case

Faith of a Founding Father: George Washington's Christian Beliefs

Nashville Charter Schools Agree to Remove Same-Sex Marriage Books from Elementary Curriculum

Project Watershed 250 is Launched to Shield US Water from Cyberattacks

President Trump Summons Oil Executives to White House in Push to Slash Gas Prices

192 House Democrats Vote No on Anti-Socialism Measure