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 Getting a Head Start on College Savings A few strategies that may help you prepare for the cost of higher education. Financial Hacks for Millennials: 5 Ways to Manage Finances De-stress money management in your household with a systematic approach. How Income Taxes Work A quick look at how federal income taxes work.