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. How the Federal Reserve Works Each day, the Fed is behind the scenes supporting the economy and providing services to the U.S. financial system. Capital Gains Tax Estimator Use this calculator to estimate your capital gains tax.