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 Who Is Your Trusted Contact? This investment account question is vital and answered as early as possible. Should You Borrow from Your 401(k)? Does it make sense to borrow from my 401(k) to pay off debt or to make a major purchase? Tax-Advantaged Retirement Planning Reduce your tax liability in retirement.