The members of the Board of Governors of the Fed make up a majority of the Federal Open Market Committee.

Name: The members of the Board of Governors of the Fed make up a majority of the Federal Open Market Committee.
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The Board of Governors of the Fed consists of seven members and they make up a majority of the twelve-member Federal Open Market Committee. The remaining five members are Reserve Bank presidents who rotate on a yearly basis.

The Members of the Board of Governors of the Fed