The Fed and How It Got That Way Here is a quick history of the Federal Reserve and an overview of what it does. Related Content Pickleball in Retirement Learn about the latest sport to sweep the nation with this informative article. Can I Refinance My Mortgage? This calculator can help determine whether it makes sense to refinance your mortgage. The Anatomy of an Index The S&P 500 represents a large portion of the value of the U.S. equity market, it may be worth understanding.