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 Behavioral Finance An amusing and whimsical look at behavioral finance best practices for investors. Diversification, Patience, and Consistency Three important factors when it comes to your financial life. Taxable vs. Tax-Deferred Savings Use this calculator to compare the future value of investments with different tax consequences.