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 Money Draining Food Myths These food myths will really put a drain on your wallet. Social Security Taxes Estimate how much of your Social Security benefit may be considered taxable. Potential Income from an IRA Estimate your monthly and annual income from various IRA types.