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 Jane Bond: Scaling the Ladder Agent Jane Bond is on the case, uncovering the mystery of bond laddering. The New Red Scare: Chinese Ownership of U.S. Debt China owns a portion of the total outstanding debt of the U.S. Government. What does it mean? 5 Smart Investing Strategies Getting what you want out of your money may require the right game plan.