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 Federal Income Tax Use this calculator to estimate your income tax liability along with average and marginal tax rates. Strategies For Managing Student Loan Debt Five strategies for managing your student debt. Home Mortgage Deduction Use this calculator to assess the potential benefits of a home mortgage deduction.