- Move the playhead
to where the slow part starts and press S (or ✂ Split).
- Move to where it ends
and press S again.
- Click the section
between the two split marks to select it.
- Pick a speed
in the timeline toolbar: 0.5×, 1.5×, 2×, 3× or 4×.
The section appears as a blue block on the timeline; click it to cycle speeds. Smart Edit creates these automatically for typing and waiting.
Whole-clip speed (Pro)
Edit tab → Speed changes the speed of the entire clip, from 0.5× (slow motion) to 2×.