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 Did Father Know Best About Financial Decision-Making? “Listen, money doesn’t grow on trees.” What Does That Mean? IDK Financial acronyms you should know. What Smart Investors Know Savvy investors take the time to separate emotion from fact.