Sauté the bacon: Set the Instant Pot to Sauté mode, cook diced bacon until crispy, then remove and set aside.
Add chicken & broth: Place chicken and broth in the Instant Pot, seasoning with onion powder, garlic powder, salt, and pepper.
Pressure cook: Secure the lid, set to Pressure Cook (Manual) on high for 10 minutes, then let it naturally release for 5 minutes.
Shred the chicken: Remove the lid and use two forks to shred the cooked chicken.
Make it creamy: Add cream cheese, cheddar, and herbs. Stir until melted and well combined.
Simmer & thicken: Turn on Sauté mode again for a couple of minutes, stirring until the sauce thickens.
Add bacon & serve: Stir in crispy bacon, garnish with extra herbs, and serve hot.
Enjoy! Pair it with a fresh salad or roasted veggies for a complete keto-friendly meal.