Yes, you can make it, basically two ways: 1) constant speed remap 2) variable speed remap (with Final Cut Pro, Motion, Shake).
1)
Right click on the clip, select the "Speed" command, and in there set the wished speed, and check the "Frame blending" checkbox. Do not forget to cut the clip, because this will valid for the entire length of the clip.
2)
Double click on the clip. In the Viewer window select the Motion tab. In therein select the Time remap tringle. In there you have several options, Constant Speed, Variable Speed, the speed curve changes accordingly. You can use keyframes as well to limit the effect.
Play with it.
2/b)
For extreme slow downs I recommend to use Motion, and its Optical flow retiming features, where the missing frames (in case of slowdown you will have missing frames if you have shot with normal speed) will be calculated using a sophisticated method. Check the intro of my tutorial (third task):
After Dive Tutorial Intro
Best,
Jules