Secure lid of Instant Pot, making sure valve is turned to seal. Set on Pressure Cook (or Manual high pressure, depending on your model) for 4 minutes. It will take about 15 minutes to come to pressure.
When cooking has finished, quick release pressure (see note). When valve lowers, carefully remove cover and stir in evaporated milk, mustard powder, and garlic powder if using.
1 can (12 ounces) evaporated milk, ½ teaspoon ground dry mustard, ¼ teaspoon garlic powder, optional
One cup at a time, stir in cheddar and Parmesan cheese. Taste and season with ground black pepper, as desired.
3 cups shredded sharp cheddar cheese, ½ cup shredded Parmesan cheese
Serve immediately.
Video
Notes
Shredded cheese: I prefer to grate my own cheddar cheese. I find it yields a smoother, velvety result. (Plus it’s cheaper!). I have used pre-grated, though, and it also works. It doesn’t stay quite as smooth as it cools, though.
Doing a quick release: The valve tends to sputter a little when you release the pressure. You can place a towel over the valve to prevent a mess. Just be careful when removing towel because it may be hot.
Baking instructions: Place cooked mac & cheese in greased baking dish. If desired, top with additional cheese, cracker crumbs, or buttered bread crumbs. Bake at 350ºF for 20 to 30 minutes or until golden brown and a little crispy on the top.