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 Message Thank you! Oops! Related Content The Why, What and How of Life Insurance The Why, What and How of Life Insurance Risk Perspective Is it possible to avoid loss? Not entirely, but you can attempt to manage risk. Exploring the Federal Student Grant Program In this article, explore the benefits of the Federal Student Grant Program.