President-Elect Donald Trump has added another Goldman Sachs executive to his White House team, after relentlessly bashing the bank on the campaign trail. Partner in the firm Dina Powell announced she is going to be leaving her role with the bank to join the Trump White House as an adviser on economic issues and “empowerment of women.”
Powell is the president of the bank’s foundation and has been a woman’s advocate who has “deep ties” to both Democrats and Republicans in Washington. She also has ties to two of the people expected to be the most powerful in Trump’s inner-circle: his daughter and son-in-law.
POLITICO reported last week that Powell has been informally advising Ivanka Trump on personnel and other issues for weeks. She is expected to provide a connection between the Trump White House — eyed with skepticism by many in the GOP establishment — and corporate America and Wall Street.
Powell, 42, served as chief of the personnel office in the White House under President George W. Bush and as an assistant secretary of state for educational and cultural affairs in the Bush administration.
An Egyptian-born, Dallas-raised, fluent Arabic speaker, Powell also has strong relationships with senior Democrats including outgoing Obama White House senior adviser Valerie Jarrett and former Obama economic adviser Gene Sperling, among many others.
The Capitol Hill newspaper reports that she is one of the “stars” in the bank, and her appointment will be seen as a gesture towards the financial sector that there will be voices in the White House to temper President-Elect Trump’s more impulsive and brash rhetoric on trade, the environment, and other issues related to their money. She led the charity effort at Goldman to support female entrepreneurs, know as the “10,000 Women” program.
Her appointment is also, perhaps, a gesture to those concerned about the Trump administration’s policy towards Muslim-Americans. Former Secretary of State Condoleeze Rice praised her work in Muslim outreach when Powell worked with her state department.
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