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 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. Emotional vs. Strategic Decisions Information vs. instinct. Are your choices based on evidence of emotion? 5 Smart Investing Strategies Getting what you want out of your money may require the right game plan.