  While the stoichiometric intermetallic compound FeAl is found to be
paramagnetic in experiment, standard band-theory approaches predict the
material to be ferromagnetic. We show that this discrepancy can be overcome by
a better treatment of electronic correlations with density functional plus
dynamical mean field theory. Our results show no ferromagnetism down to 100 K
and since the susceptibility is decreasing at the lowest temperatures studied
we also do not expect ferromagnetism at even lower temperatures. This behavior
is found to originate from temporal quantum fluctuations that screen
short-lived local magnetic moments of 1.6 $\mu_B$ on Fe.
