Add the macaroni, water, salt, garlic powder, onion powder, and mustard powder to the Instant Pot and stir.
16 ounces dry elbow macaroni, 4 cups water, 1 teaspoon kosher salt, ½ teaspoon garlic powder, ½ teaspoon onion powder, ¼ teaspoon dry mustard powder
Attach the Instant Pot lid and ensure the valve is in the “sealing” position. Set the Instant Pot to Pressure Cook - Manual for 4 minutes.
Once the Instant Pot has finished cooking, release the pressure manually. Place a towel over the valve to avoid any splatters.
Remove the lid and stir in the butter and cheese.
2 tablespoons unsalted butter, 3½ cups freshly shredded cheddar cheese
Once the cheese is fully incorporated, stir in the heavy cream. The macaroni and cheese will thicken as it sits. If it becomes too thick, add more heavy cream to thin it out.
¾ cup heavy cream
Season to taste with salt and serve.