WASHINGTON, March 15 (Reuters) - President Donald Trump's senior counselor for economic initiatives, Dina Powell, will be named deputy national security adviser for strategy, a senior Trump administration official said on Wednesday.

Powell, who worked in the administration of President George W. Bush, will also continue to work with Trump's daughter Ivanka Trump and son-in-law Jared Kushner on economic initiatives, Politico reported earlier.

(Reporting by Steve Holland; Writing by Eric Walsh; Editing by Sandra Maler)