close
close

first Drop

Com TW NOw News 2024

From Elon Musk to Robert F. Kennedy: who’s coming along and who’s going away under the Trump administration?
news

From Elon Musk to Robert F. Kennedy: who’s coming along and who’s going away under the Trump administration?

The Republican politician’s return will also likely signal some departures from prominent figures elected and retained under the Biden administration.

This morning, former President Trump was declared the winner of the 2024 election after securing more than the 270 seats needed to take the Oval Office.

Of course, the entrepreneur has been known to change his mind – only time will tell if he sticks to his promises about roles for some of the most notable figures who have supported his campaign, but here’s a look at who could join in , and whoever might be there. out.

Possibly in: Elon Musk

In an election night speech, Trump said “a star” had been born in Elon Musk, describing the Tesla CEO as a “great guy.”

The SpaceX founder has spent at least $132 million in an effort to help Trump rise to power, openly admitting he would be “f*cked” if the former president did not advance on voting day.

In an interview last month with Fox News, Trump was asked about the “incredible fat” he said he would like to trim from government agencies.

He said the question should be addressed to Musk, explaining: “He is eager to do this. You know he’s actually a great businessman… and a great cost saver. You saw that. And he said, ‘I could reduce costs and it wouldn’t bother anyone.’”

Those on the sharp end of Musk’s cost-cutting initiatives may disagree with this summary: Just ask the Twitter employees — now X — who were laid off en masse when Musk bought the platform in October 2022.

That said, Musk will not be in the Cabinet.

Trump said: “He doesn’t want to be in the Cabinet, he just wants to be in charge of cost cutting. We will have a new position, secretary of cost savings, which is what Elon wants to do.”

Representatives for Musk did not immediately respond Fortune’s request for comment.

Possibly in: Robert F. Kennedy Jr.

Trump reportedly struck a deal with RFK Jr – who was also making a presidential bid this election cycle – and offered him a job in exchange for his support.

When Trump was asked by CNN in August whether he would appoint the independent politician to his Cabinet, he said: “He probably would.”

“He’s a brilliant guy. He’s a very smart guy. I’ve known him for a long time,” Trump added at the time.

During a Zoom call with reporters in late October, RFK Jr. indicated that Trump had “promised” him control of health agencies if he won the White House.

“President Trump has promised me … control over public health authorities,” the former candidate said.

The departments where RFK Jr. would oversee it reportedly include the Department of Health and Human Services and its subagencies: the Centers for Disease Control and Prevention (CDC), the Food and Drug Administration (FDA), and the National Institutes of Health (NIH). ), as well as a “few others.”

RFK Jr also said the Ministry of Agriculture would report to him.

This appointment is “the key to making America healthy,” the politician added. “We have to get away from seed oils, we have to get away from pesticide-intensive agriculture – we have to make that transition to regenerate agriculture,” continued RFK Jr.

RFK Jr. representatives did not immediately respond Fortune’s request for comment.

Potential out: Jerome Powell

Trump said in February that if elected in November, Fed Chairman Jerome Powell would lose his function.

When asked whether he would reappoint Chairman Powell, Trump replied bluntly: “No, I wouldn’t,” adding that Powell had “missed” on inflation.

Trump has also claimed that Powell’s FOMC and the Federal Open Market Committee are “political” — a claim the FOMC has repeatedly rejected.

In February, he said Powell would likely do “something,” such as cutting rates, to “help the Democrats.”

By July, the FOMC had still not cut the base rate, and Trump changed his position.

He told Bloomberg that he would let Powell serve until the end of his term in May 2026, “especially if I thought he was doing the right thing.”

Naturally, the FOMC not only pleased the markets in September with a cut, but also by lowering the base rate to double the expected 25 basis points.

For his part, Powell – who was nominated for the role by Trump himself in 2017 – has stoically ignored the reluctance of Trump and his running mate JD Vance. Powell and his FOMC colleagues have reiterated that they are not a political entity and have a federal mandate to operate independently.

“The only thing the Fed can do, and the only thing the Fed does, is pass the Federal Reserve Act – which says, you’re going to look at maximizing employment and stabilizing prices and base your decisions on that – that’s what we do,” said Chicago Fed President Austan. Goolsbee said Fortune in August. “You can read the minutes yourself. The transcript will appear. You can read word for word what everyone is saying. It’s not about elections, it’s about economic conditions.”

The Fed declined to comment when contacted Fortune.

Potential out: Jack Smith

Special Counsel Jack Smith worked within the U.S. Department of Justice and brought landmark charges against former President Trump.

Smith’s cases involve the former president’s handling of classified documents and efforts to overturn the 2020 election.

The Justice Department has no ability to prosecute a sitting president, and Trump has made it clear he wants Smith out as soon as it is within his power to do so.

Trump said last month he would fire Smith “in two seconds” if he were handed the keys to the White House, calling the accuser “crazy Jack Smith.”

A newsletter for the boldest, smartest leaders:

CEO Daily is your weekday morning dossier on the news, trends and talk business leaders need to know.
Sign up here.