Kansas City, Dallas Feds Called for Rate Increase

Two of the Feds (Kansas city and Dallas) have been trying to increase interest rates charged to banks on emergency loans even though the slump in the economy still exists. They tried to increase the interest rate to 1% but the central banks did not allow for this because they still wanted banks to be able to borrow money freely.

The directors wish for the current monetary stance to be maintained as inflation just started to dip. They are waiting for the economy to stabilize.

Some questions to think about:

Why do these two Feds in particular want to increase interest rates (this is their second attempt at doing so)?

What could be the repercussions of such an event?