I was told that the committee needs to update it.

I submitted a github request to make the LTM fee adjust dynamically.    Consider giving it a thumbs up:

https://github.com/bitshares/bitshares-core/issues/545

 +5%

I thought this was supposed to be around $100USD. It is currently 1456 BTS which is around $750USD

Is this fee going to be adjusted down soon?