In terms of the free energy 'principle', it makes no predictions about how free energy minimized. But there have been multiple process theories suggested, most notably predictive coding (which is a dominant paradigm in neuroscience) [1] and variational message passing [2].
[1] https://en.wikipedia.org/wiki/Predictive_coding [2] http://www.jmlr.org/papers/volume6/winn05a/winn05a.pdf