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 Making a Charitable Contribution There are benefits and limitations when you decide to donate stock. Conquering Retirement Challenges for Women Looking ahead can help you conquer these unique obstacles. How the Federal Reserve Works Each day, the Fed is behind the scenes supporting the economy and providing services to the U.S. financial system.