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 | Related Content What Smart Investors Know Smart investors take the time to separate emotion from fact. How the Federal Reserve Works Each day, the Fed is behind the scenes supporting the economy and providing services to the U.S. financial system. What Is the Dividend Yield? This calculator helps determine your pre-tax and after-tax dividend yield on a particular stock.