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 A Meal for All Generations When it comes to generational differences, knowing the facts can be difficult. Retirement Questions That Have Nothing to Do With Money Things to consider before retirement. When Life Insurance Becomes Taxable Life insurance proceeds are generally tax-free. But not in all cases.