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 Starting a Roth IRA for a Teen This early financial decision could prove helpful over time. When Do You Need a Will? When do you need a will? The answer is easy: Right Now. The Other Sure Thing Though we don’t like to think about it, all of us will make an exit sometime. Are you prepared?