The Fed and How It Got That Way Here is a quick history of the Federal Reserve and an overview of what it does. Share | Have A Question About This Topic? Address Thank you! Oops! Related Contents 16 Wall Street Cliches in 60 Seconds Pundits say a lot of things about the markets. Let's see if you can keep up. All Under One Roof Consolidating your assets onto one platform can reap multiple benefits. 5 Smart Investing Strategies Getting what you want out of your money may require the right game plan.