Strong electron interactions in solids increase effective mass, and shrink the electronic bands [1]. One of the most unique and robust experimental facts about iron-based superconductors [2-4] is the renormalization of the conduction band by factor of 3 near the Fermi level [5-9]. Obviously related to superconductivity, this unusual behaviour remains unexplained. Here, by studying the momentum-resolved spectrum of the whole valence band in a representative material, we show that this phenomenon originates from electronic interaction on a much larger energy scale. We observe an abrupt depletion of the spectral weight in the middle of the Fe $3d$ band, which is accompanied by a drastic increase of the scattering rate. Remarkably, all spectral anomalies including the low-energy renormalization can be explained by coupling to excitations, strongly peaked at about 0.5 eV. Such high-energy interaction distinguishes all unconventional superconductors from common metals.
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