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 Question 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. Comparing Mortgage Terms Estimate the total cost in today's dollars of various mortgage alternatives. Potential Income from an IRA Estimate your monthly and annual income from various IRA types.