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 Contents What Smart Investors Know Smart investors take the time to separate emotion from fact. Required Reading: The Economic Report of the President The Economic Report of the President can help identify the forces driving — or dragging — the economy. 5 Smart Investing Strategies Getting what you want out of your money may require the right game plan.