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 Pay Yourself First It sounds simple, but paying yourself first can really pay off. How Women Can Prepare For Retirement Are women prepared for a 20-year retirement? What Is My Life Expectancy? Estimate how many years you may need retirement assets or how long to provide income to a surviving spouse or children.