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? Address Thank you! Oops! Related Contents 16 Wall Street Cliches in 60 Seconds Pundits say a lot of things about the markets. Let's see if you can keep up. All Muni Bonds Are Not Created Equal Gaining a better understanding of municipal bonds makes more sense than ever. 5 Smart Investing Principles Principles that can help create a portfolio designed to pursue investment goals.