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? Name Email Address Message Thank you! Oops! Related Content 16 Wall Street Cliches in 60 Seconds Pundits say a lot of things about the markets. Let's see if you can keep up. Getting a Head Start on College Savings A few strategies that may help you prepare for the cost of higher education. 5 Smart Investing Strategies Getting what you want out of your money may require the right game plan.