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In a small bowl, mix together salt, pepper, garlic and onion powders and Italian seasoning.
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Sprinkle over each chicken breast, on each side.
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Make sure the stainless steel insert is in your Instant Pot.
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Press "saute" setting and wait 2 minutes. Add olive oil to the Instant Pot.
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Place chicken breast in the pot and brown on each side for about 3 minutes. This is when you are creating the flavor so be patient.
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Remove chicken onto a plate and set aside.
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Add minced garlic to the Instant Pot and stir a few times. Let is brown slightly in the leftover oil. Press "cancel/off" button.
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Add 1/4 cup of the chicken stock to the Instant Pot and deglaze the bottom by scraping any cooked on bits with a wooden spoon. Add remaining stock to the pot.
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Place trivet in the Instant Pot and arrange all chicken breasts on top.
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Close the lid and set valve to "sealing" position. The newer models do it on their own.
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Make sure the Instant Pot is set to cook at HIGH pressure. Press "manual" setting and set timer to 5 minutes. The IP will beep after a few seconds and it will start coming to pressure. This will take about 5 minutes.
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Once the timer is done, press "cancel/off" button and do not flip the sealing valve. Let the Instant Pot release the pressure naturaly. It will take about 5 minutes. Carefully open the lid away from your face (there will be some steam left in the pot). Remove the chicken onto a plate and set aside. Remove trivet from Instant Pot.
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In a small bowl, whisk together cornstarch and water. Add to the liquid remaining in the pot. Whisk well. You can press "saute" setting and cook it for a minute or two until thickened.
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Serve chicken with gravy.